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Brighton Pier Group Announces Plan to Exit London Stock Market

The leisure company plans to delist from Aim after 11 years, citing high costs and challenging market conditions, with shareholders set to vote on April 22, 2025.

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Brighton Pier Group is chaired by the serial entrepreneur Luke Johnson, who owns 27 per cent of its shares

Overview

  • Brighton Pier Group has officially announced its intention to delist from the Alternative Investment Market (Aim) and return to private ownership.
  • The company attributes the decision to high regulatory costs, lack of share liquidity, and market volatility, alongside persistent trading challenges since the COVID-19 pandemic.
  • Shareholders will vote on the proposal on April 22, 2025, with a delisting date set for May 2, 2025, if approved.
  • Recent trading results were in line with expectations, with a modest boost from warm weather in March increasing sales at Brighton Palace Pier.
  • The move reflects a broader trend of companies leaving Aim, which has seen a significant decline in listed firms in recent years.