NetScientific plc (LON:NSCI) said more than 30% of shareholders have indicated they would vote against a proposal to cancel its shares on AIM and re-register as a private company.
The shareholders sent proxy forms instructing their shares to be voted against the proposal at the general meeting, which was due to be held on March 4.
READ: NetScientific to delist from AIM and become a private company following strategic review
NetScientific said it now believes the resolution would be voted against and has decided to postpone the general meeting.
The firm, which invests in development-stage medical and healthcare businesses, announced its plan to go private last month following a strategic review of its operations.
The review concluded that the company needed a revised strategy to reduce its central functions and costs “significantly” to enable as much of its remaining cash as possible be allocated to its portfolio companies.