In November, we announced plans to delist from AIM. Following shareholder approval, the company will transition to a private entity on January 13, 2025.
This decision follows a prolonged period of weak share price performance and low liquidity in the company’s shares, coupled with the strategic focus on achieving profitability and enhancing stability.
“The Board has conducted an extensive review of the Company’s AIM listing and believes that it is in the best interests of the Company and our shareholders to delist and re-register as a private limited company.”, says Richard Cunningham, Chairman at i-nexus. “The Directors believe the cancellation will enable greater focus on these strategic initiatives and increased financial stability, providing the platform to deliver on the growth strategy.”
This news comes in the wake of many recent initiatives and accomplishments of which we are proud, including:
- 24 new customers signed over the last three years, a large percentage of those customers are growing their usage of our software and have the potential for further expansion
- 70% of new logos signed in the last two years have expanded their use of i-nexus an average value of 66% since onboarding.
- Successfully delivered on the two-year go-to-market objective of achieving back-to-back years of improved double-digit MRR growth.
Mr Cunningham says the board is positive about the years ahead, stating that “The Directors are confident that the strength of the existing product suite, customer base, partner network and this growing market backdrop provides a solid basis on which to build.”
