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Fast fashion retailer Quiz Clothing has revealed plans to delist on the London Junior Stock Exchange amid a battle to stay afloat.
Shareholders of Quiz, which has 60 stores in the UK, will be asked to vote to leave AIM at an investor meeting in January.
Quiz said the delisting “will be in the best interests of the company and its shareholders.”
Founder Tarak Ramzan and his family will vote to leave AIM, as will major investors Tajveer and Amraj Gill.
Delisting?: Quiz shareholders will be asked to vote out of AIM at an investor meeting in January.
In total, owners of 66.74 percent of Quiz shares are expected to support the delisting, which needs 75 percent to pass.
Meanwhile, Scottish-born Ramzan is in talks to prove a £1m loan to the retailer.
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