Spotless Group Holdings applies for ASX delisting

Company News

by Rachael Jones

Spotless Group Holdings (ASX:SPO) has today submitted a formal application for the removal of Spotless from the Australian Securities Exchange (ASX) official list.

The Spotless Board considers the delisting to be in the best interests of Spotless and its Shareholders because they are seeking to minimise their expenditure and want to reduce costs.

Also they have seen low trading volumes and an erratic share price.

Two shareholders in Spotless collectively hold 99.44 per cent of the ordinary shares in Spotless.

Shares in Spotless Group Holdings (ASX:SPO) are trading 1.12 per cent lower at $1.76.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.