Quiz has announced that shareholders have approved its plan to delist from the stock exchange and become a private company once again.

A general meeting was held this week with a majority of shareholders voting in favour, which means the company’s listing on the Alternative Investment market will be cancelled as of the opening of trading on 23 January, so 22 January will be the last day on which the firm’s shares can be bought and sold.

The business will be re-registered as a private limited company in or around the week starting 27 January.

The go-private plan came about as the company’s performance continued to decline over a period of several years. 

Back in December, given the cost of maintaining a listing on a major stock exchange and with its shares being priced at just 2.3p (compared to almost £2 each when they first listed back in 2017), it took the decision throw in the towel as a listed business. 

Those same shares are now only 0.82p giving the business a market value of just over £1 million. That’s despite the company operating 60 stores.