GAME Digital considers AIM market, shares fall

Shares in GAME Digital fell on Thursday after the group said it may move its shares from the London Stock Exchange to AIM.

After announcing the news, shares in the group fell almost 7%.

Switching to the AIM market will be cheaper for the company and should make little difference to investors.

In a statement, GAME Digital said: “The board has considered carefully the proposed Cancellation and Admission and believes that AIM is a more appropriate platform to enable GAME to deliver value more effectively to all of its stakeholders, including Shareholders.”

“In addition, GAME is also proposing certain minor administrative and definitional changes to its articles of association and to its employee share plans, to make them suitable for a company whose shares are trading on AIM.”

The company will hold the annual general meeting on 17 January. Shareholders will vote on the move, which needs 75% majority to go through.

Shares in the group (LON: GMD) are currently -6.06% at 24,80p (1515GMT).