Cambria Automobiles has, as expected, returned to private ownership following a decision at the leading group’s general meeting.
So, after 11 years as a PLC listed on the London Stock Exchange, CEO Mark Lavery has steered the group back into private hands, in a story we have been following for some weeks. Lavery had said that leading the £82.5m move had not been easy. He had long made it clear that for Cambria to be listed on the LSE just did not work for the company.
In an official statement, Cambria said: “Following cancellation of admission to trading of Cambria’s ordinary shares on AIM, which is to take effect at 7:00 a.m. on 13 October 2021, Cambria shall make an application to the Registrar of Companies to re-register Cambria as a private company limited by shares and adopt the new articles of association that were approved at the General Meeting.”