Quiz votes to delist from Aim

In a general meeting held at 11am today (8 January) in Glasgow, Quiz shareholders passed the resolution to delist from the sub-market of the London Stock Exchange and re-register as a private limited company, with 98.6% votes in favour of the move.

Quiz's delisting will go into effect at 7am on Thursday, 23 January.

The business's re-registration as a private company is expected to take place in the week commencing 27 January.

Quiz's plan to go private was first announced on 23 December, citing the challenging retail landscape, coupled with "cost, management time and the legal and regulatory burden" of trading. A week later, on 30 December, Quiz reported a pre-tax loss of £4.7m for the six months to 30 September 2024, against a loss of £1.5m in the same period last year. Revenue during the six-month period fell 7.6% to £39.1m, while EBITDA stood at a loss of £0.5m, compared with a profit of £1.1m in the previous year.

The business started the peak trading period with a "marked decline" in both online and in-store traffic in November. Revenue for the four months to 30 November fell 5.7% year on year.

Quiz joins a growing number of fashion retailers which have delisted from the London Stock Exchange since 2022, including Unbound Group, Superdry and Seraphine.