GEO to delist from NZX as it continues search for a buyer

(Image: Getty)

Mon, 08 Jan 2024

Software as a service provider GEO has signalled its intention to delist from the New Zealand stock exchange, saying the company is too small to continue maintaining a listing.The company is listed on the NZX Main Board and has recently been trying to find a buyer for its business.Its shares last traded at 2c, down 60% since this time last year, with a market capitalisation of $4.4 million.On Monday, GEO told the market the current listing was not providing liquidity for shareholders and was “prohibitively costly and time consuming to man...

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