DSL
Published date:
Monday, March 31, 2008Aquarium operator Deep-Sea Leisure (DSL:AIM) has called for shareholders to vote at an EGM on 2 May over proposals to delist the company from Aim. Major shareholder Net Ein, which owns 98.35% of the stock, is offering 70p per share to the remaining investors. Deep-Sea Leisure recently saw profits fall after a warm Easter in 2007 deterred customers from visiting its two aquariums in the UK. Administration expenses were becoming a major issue, which could be partly reduced by becoming a private company.
Shares says: The offer looks fair value and worth accepting. DC
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