The final piece in the puzzle for Lord Kirkham's buy back is fitted into place
The final hurdle in the transformation from a listed to a private company was removed today for DFS.
The retailer received a court ruling allowing the board to delist it from the London Stock Exchange. Approval for Capital Reduction was confirmed this morning. The retailer will be delisted on November 3. Trading in DFS shares was suspended from trading at the opening of business today.
The ruling is the last part of a process that began when DFS founder and chairman Lord Kirkham gained approval from the board to buy back the retailer for£507 million in September.
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