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RAB Capital To Delist From AIM

Hedge fund manager RAB Capital has decided to delist from AIM, London’s junior stock market.

Hedge fund manager RAB Capital has decided to delist from AIM, London’s junior stock market, Financial Times reports. Shareholders have been offered 10 pence cash for each RAB share or to swap them on a one-for-one basis for unlisted shares in NewCo, a company being established as RAB’s new owner.

The buy-out is being led byRAB directors Michael Alen-Buckley, Charles Kirwan-Taylor,Philip Richards and Christopher de Mattos. The maximum cash sum to be paid to shareholders under the possible buyout will be £27 million.

Click here for the story from Financial Times.

Click here for additional coverage Reuters.

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