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Motif Bio to de-list from Nasdaq in the US

It will keep its UK stock market quote and become a cash shell

Motif Bio PLC -
Following the wind-down of its business, Motif Bio will become a cash shell

Motif Bio PLC (LON:MTFB) said it expects to make “significant savings” from delisting its depositary shares from America’s NASDAQ market.

It will remain listed on AIM in the UK. Following the wind-down of its business, Motif Bio will become a cash shell

It expects to file the paperwork in the US on or around December 5, with de-listing coming into effect no less than 10 days later.

Quick facts: Motif Bio PLC

Price: 0.2333 GBX

AIM:MTFB
Market: AIM
Market Cap: £1.13 m
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