Zytronic ( (GB:ZYT) ) has issued an announcement.
Zytronic plc has announced the commencement of an orderly wind-down of its assets following an unsuccessful attempt to sell its trading entity, Zytronic Displays Ltd. The company plans to de-list from AIM and transition to a private limited company to maximize shareholder returns, with expected returns ranging from 46 to 60 pence per share. This decision is part of a strategic review to reduce costs and optimize shareholder value, with a general meeting to be convened for shareholder approval. The company will also cease trading under AIM Rule 15, and its shares will be suspended pending the publication of its FY24 annual report.
More about Zytronic
Zytronic plc, through its subsidiary Zytronic Displays Limited, is a developer and manufacturer of optically transparent interactive touch sensor overlay products. These products are used in electronic displays for industrial, self-service, and public access equipment. The company is known for its proprietary Projected Capacitive Technology (PCT™) and Mutual Projected Capacitive Technology (MPCT™), holding 20 internationally granted patents. Zytronic operates globally from its headquarters in Blaydon-upon-Tyne, UK, offering a complete solution from substrate processing to firmware development.
YTD Price Performance: -20.76%
Average Trading Volume: 33,867
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £4.23M
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