viewGreka Drilling Ltd

Greka Drilling plans to delist from AIM

If approved by shareholders, the delisting will become effective at 7 am on October 30

Greka says its AIM listing is no longer in the interest of the company

Greka Drilling Ltd  (LON:GDL) has decided to cancel the admission of its shares on AIM after concluding that the costs exceed the benefits of the listing.

The company said it was no longer in the interests of the company of its shareholders to remain traded on AIM as its market capitalisation is well below the level it floated at in March 2011 and there is “limited scope” for issuing new shares to fund the company's growth.

The group added that ongoing costs associated with maintaining the listing on AIM are high relative to the company's market value.

The delisting is conditional on the approval of at least 75% of votes from shareholders.  If approved, the delisting will become effective at 7am on October 30

Quick facts: Greka Drilling Ltd

Price: - -

Market: AIM
Market Cap: -

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Greka Drilling Ltd named herein, including the promotion by the Company of Greka Drilling Ltd in any Content on the Site, the Company receives...


Greka Drilling boss Grewal hoping to drill 250 wells

Randeep Grewal, the chief executive and chairman of Greka Drilling (LON:GDL), says he hopes the company will be able to drill close to 250 wells over the next 15-18 months. Grewal says it is difficult to predict the exact number of wells that will be drilled but is optimistic about the road...

on 09/24/2014

2 min read