Kin Group Plc’s (LON:KIN) return to AIM has been delayed after the group decided first to carry out a share consolidation.
Shares in the shell are suspended and trading had been expected to resume this week but the share consolidation will require the approval of shareholders in a general meeting.
READ: Kin Group says overwhelming majority of creditors, shareholders approve CVA proposals
The group has no trading business currently and recently received approval for a company voluntary arrangement ahead of a proposed placing to refinance the group.
The placing, the CVA and the board changes are conditional on the shares resuimg trade on AIM.