Blancco Technology Group plc has announced its application for the proposed cancellation of the admission to trading of the company's ordinary shares on AIM. The cancellation is expected to occur on November 17, 2023, following the expiry of a 20-business day period from the date of the notice. After the cancellation, Blancco shareholders who have not accepted the offer made by Bidco will own shares in an unlisted company and will not benefit from the protections under the AIM Rules. The offer will remain open for acceptance until further notice, and Bidco can close the offer at any point with at least 14 days' notice. Following the cancellation, Bidco intends to re-register Blancco as a private company and does not plan to establish a matched bargain facility for trading Blancco shares. The cancellation of trading on AIM will reduce the liquidity and marketability of Blancco shares, and remaining shareholders may be unable to sell their shares. There is no certainty that Blancco will pay further dividends or offer minority shareholders an opportunity to sell their shares on equivalent or no less advantageous terms.