Geo to delist from NZX

Geo executive chair Tim Molloy earlier said delisting would free up 400 hours of manager time. (Image: Supplied)

Tue, 23 Jan 2024

Software company Geo's shares will be delisted from the New Zealand stock exchange on Feb 12, 2024. A shareholder resolution was passed on Tuesday afternoon, with 83.8% of shareholder votes cast in favour and 16.2% against. The potential move to delist was signalled earlier, with the company making a market announcement on Jan 8, which said the current listing was “prohibitively costly and time-consuming to manage”.Geo’s market capitalisation was $2.6 million when trading was halted, and earlier this month, the...

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