SilverBullet Data Services Group plc (AIM: SBDS) has announced plans to cancel the admission of its shares to trading on AIM, with shareholders set to vote on the proposal at a General Meeting on 25 June 2026.
SilverBullet has experienced a dramatic decline in shareholder value since joining AIM in June 2021, which has contributed to the board’s decision to seek shareholder approval for a return to private ownership.
The company floated at 257p per share and initially enjoyed strong investor support, with the stock climbing to a high of 325p following its admission to AIM. However, the shares have since fallen by approximately 97%, leaving the company trading at a fraction of its former valuation.
EXPECTED TIMETABLE OF PRINCIPAL EVENTS
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Announcement of proposed Cancellation pursuant to AIM Rule 41 |
9 June 2026 |
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Publication of this Document |
9 June 2026 |
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Latest time and date for receipt of Forms of Proxy in respect of the General Meeting |
10.00 a.m. on 23 June 2026 |
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General Meeting |
10.00 a.m. on 25 June 2026 |
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Announcement of result of General Meeting |
25 June 2026 |
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Expected last day of dealings in Ordinary Shares on AIM |
7 July 2026 |
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Expected time and date of Cancellation |
7.00 a.m. on 8 July 2026 |
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Expected date of Re-registration as a private company |
Week commencing 27 July 2026 |
The company, which provides data and technology services, said the board believes remaining on AIM no longer offers the benefits originally anticipated and that operating as a private company would provide a more suitable platform for future growth.
According to the board, the recent weakness in financial markets has had a significant impact on SilverBullet’s share price despite the business continuing to deliver growth and achieving positive EBITDA performance. Management argues that the current market valuation does not reflect the underlying fundamentals of the business and could hinder its ability to raise capital on attractive terms.
Chief Executive Ian James said the board believes the public market is unlikely to provide a fair valuation for the company in the short to medium term and that private ownership may enable access to larger funding opportunities to support future expansion and profitability.
If approved, the move would see SilverBullet leave AIM and re-register as a private company. The board unanimously recommends shareholders vote in favour of the proposal, stating it believes the move is in the best interests of both the company and its shareholders.
The General Meeting will take place on 25 June at the company’s London offices, where investors will be asked to approve the cancellation.
For shareholders, delisting would mean the company’s shares would no longer be traded on AIM, significantly reducing liquidity and making it more difficult to buy or sell shares. However, management believes the benefits of operating privately outweigh the costs and regulatory burdens associated with maintaining a public listing.
The announcement follows a challenging period for many smaller AIM-listed companies, with a number of businesses citing low valuations, limited liquidity and rising compliance costs as reasons for considering alternative ownership structures or departures from the junior market.
