Shares of Zytronic (AIM:ZYT) fell by 8% in early trading following the company’s announcement that it plans to either sell or wind down its assets in response to weak trading conditions.
The specialist touch sensor manufacturer’s board, after a strategic review and consultations with shareholders, opted to pursue a process aimed at liquidating the company through a solvent return to shareholders.
It has £3.3 million of cash on the balance sheet - the equivalent of almost 70% of its current market capitalisation.
In early trading, the stock was off 4.06p at 47.44p. In the year to date, the shares have fallen 40%.