National bodyshop group Just Car Clinics has got the green light to cease trading of its shares on the Alternative Investment Market (AIM).
At its general meeting yesterday shareholders passed a special resolution to cancel its admission on the stock market.
The cancellation will be effective from 7am on November 8, 2011, and trading in its shares on AIM will cease at close of business on November 7.
JCC's chief executive Barry Whittles recently told investors the group had not gained benefits from its listing on AIM, which had been expected to increase liquidity in its shares and give it access to institutional funding.
As editor, Tim is responsible for the media content, planning and production of AM's multiple channels (AM print and digital magazines, website, social media and contributing to our events planning). He interviews and writes about as many franchised dealer groups and UK divisions of motor manufacturers as possible, to explore the issues facing UK motor retail and understand what solutions dealers and suppliers are using to overcome these.
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