Geo plans to delist from NZX Main Board

Geo has announced its intention to delist from the NZX Main Board.

In a letter to shareholders, the company's independent directors recommended voting in favor of the delisting resolution at the upcoming special meeting on January 23.

The rationale for the delisting includes the infrequent trading and low liquidity of Geo's shares, which offer little advantage to shareholders.

The high compliance and governance costs associated with the listing have also been cited as a reason for delisting.

Delisting would allow management to focus more on core business activities and potentially lead to better valuation and growth opportunities.

It may also provide access to alternative capital with fewer administrative burdens.

The company believes that delisting is in the best interests of Geo and its shareholders, as continuing as a listed company would mean bearing disproportionate costs relative to the benefits.

Shareholders have been urged to support the delisting resolution, as their vote is crucial to paving the way for a more sustainable future for Geo.

Further information on the delisting process and its potential impacts can be found in the attached notice of meeting.

Geo is a leading software-as-a-service (SaaS) business that provides job management platforms for trades, field, and home service businesses.