DeepMatter Group has announced its intention to de-list from the Alternative Investment Market (AIM) of the London Stock Exchange and revert to private ownership.
The Glasgow-based chemistry data and software business stated that it has been in discussions with major shareholders and potential institutional investors in relation to securing capital to fund future working capital requirements.
Following these discussions, the board of directors concluded that the cancellation of trading in ordinary shares on AIM and subsequent re-registration as a private limited company "will provide greater opportunities to raise additional capital".
