Pact Group Holdings (ASX:PGH) said it plans to delist from the Australian Securities Exchange, for which it will hold an extraordinary general meeting on June 12 to seek shareholder approval, according to a Tuesday Australian bourse filing.
The company intends to delist due to the concentrated shareholder register, low trading volume on the bourse, high listing costs, and regulatory compliance burden, the filing said.
The company's shares fell 9% in recent Tuesday trade.
Price (AUD): $1.00, Change: $-0.10, Percent Change: -9.13%
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