Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guides
Guidance and tools
Shares
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks Stock plan guidance
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
Zytronic to delist from AIM ahead of orderly wind-down
(Sharecast News) - Touch sensor tech firm Zytronic, which announced an orderly wind-down of the company last week, has reassured shareholders that they should receive above-market prices for their stakes, according to its estimates. After conducting a strategic review last year and exploring a sale of the company, Zytronic said on 19 February that it was unable to agree on "suitably attractive terms" for a transaction.
The firm has now decided to cease trading and is currently finalising a possible production schedule for closure, it said on Wednesday.
The stock dropped sharply last week, finishing Tuesday's session at just 40.2p, down more than a quarter over the year-to-date and around half the price it was this time last year.
However, ahead of a proposed de-listing of the stock, the company engaged with advisory firm FRP Advisory with a view to maximise returns to shareholders, and revealed on Wednesday that shareholders can expect to receive an estimated return of 46p per share "in a conservative scenario". That would increase to 60p, "should prevailing asset valuations hold through the wind-down period", it said.
With the company not expecting to be able to publish its results for the fiscal year ending 30 September within the six-month deadline required by AIM rules, shares are likely to be suspended from trade on 1 April.
The stock was up 6% at 42.5p by 1107 GMT.
Share this article
Related Sharecast Articles
Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.
Award-winning online share dealing
Search, compare and select from thousands of shares.
Expert insights into investing your money
Our team of experts explore the world of share dealing.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity, Equity & Inclusion | Diversity, Equity & Inclusion Reports | Doing Business with Fidelity | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Staying secure | Statutory and Regulatory disclosures | Whistleblowing programme
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.
