After careful consideration of the long term growth plans for Optare the Board have taken the decision to delist from the Alternative Investment Market (AIM).
Delisting from AIM is seen as a positive step towards increasing Optare’s competitive advantage. There are significant costs associated with maintaining a quotation on AIM, the Board of Directors believes these costs outweigh the benefits and that these funds would be better deployed to support Optare’s investment in product support and future technology as part of its growth strategy.
Ashok Leyland part of the Hinduja Group will remain the major shareholder and continue to support the Company in its growth strategy.
Optare remain committed to delivering the latest environmental and technological advancements in passenger transport to our customers.