Deal scheduled to complete on Thursday and broker will delist from AIM on Friday

The High Court has approved the scheme of arrangement that private equity house AnaCap is using to buy broking group Brightside.

The scheme has to clear one more hurdle before the deal goes through. If the High Court approves the planned capital reduction at a hearing scheduled for this Thursday, the scheme will become effective on Thursday and the takeover will complete.

Listing and trading of Brightside’s shares on the London Stock Exchange’s Alternative Investment Marker (AIM) will be suspended from 7.30 am on Thursday.

Brightside’s shares will be delisted from AIM at 7am on Friday.

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