Cruise and escorted tours specialist All Leisure Group is to be taken private.
The company is to seek shareholder approval to cancel its admission to the AIM secondary London Stock Market listing.
Approval for the de-listing will be sought at an extraordinary general meeting in London on June 8.
The group behind brands such as Voyages of Discovery, Swan Hellenic, Travelsphere, Just You, Discover Egypt and Hebridean Islands Cruises, revealed in February that it was actively considering delisting from the AIM market.
”As a result of a review of the benefits and drawbacks of being a quoted company, the board has concluded that the cancellation of admission of its ordinary shares to trading on AIM is in the best interests of the company,” the group said.
All Leisure, headed by chairman Roger Allard, made a pre-tax profit of £200,000 for the 12 months to October 21, 2015 against a loss of £7.2 million a year earlier.
The company stated when issuing annual results in February that it intended to achieve profitable growth “through the provision of an increasing choice of niche holidays targeted at the UK over 55's market”.
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