Future Mobility Solutions planning to de-list from NZX, move overseas

Fri, 30 Jun 2017

By Sophie Boot June 30 (BusinessDesk) - Future Mobility Solutions, the company formerly known as SeaLegs, plans to delist from the NZX, saying the market is too small. FMS has previously discussed plans to seek a listing on an overseas market but in its annual report released today chairman Eric Series and acting chief executive Mark Broadley told shareholders it would also seek their approval for de-listing "in due course." "The board believes that FMS is consistently undervalued by the stock market in New Zealand, suffers from thin t...

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