Shares in Sivota PLC (LSE:SIV) collapsed by 99% after the company said it intends to delist from the London Stock Exchange.
The Israel-focused investment vehicle said maintaining its listing is no longer in shareholders’ best interests, citing mounting difficulty in raising capital, poor liquidity and changing geopolitical and economic conditions.
Sivota, which invests in technology-led businesses, said low market appetite has hampered its ability to pursue new opportunities.
The board noted that delisting will remove the formal market for trading shares and end the requirement for public disclosures under UK listing rules, though investors will retain their shareholdings and rights.
The delisting is set to take effect from 19 August.
The shares collapsed 4.45p to 0.05p, valuing the business at just over £6,000.