KCOM disappears from Stock Exchange

KCOM has been delisted from the London Stock Exchange after  completing its £627 million acquisition.

The outfit has been the the target of a bidding war over recent weeks, with MEIF 6 Fibre – a subsidiary of investment firm Macquarie – winning.

The winning bid was over £100 million more than the offer first made by Humber Bidco, a subsidiary of the Universities Superannuation Scheme.

Shareholders approved the MEIF offer, and the High Court followed suit earlier this week.

KCOM also announced its full-year results last week saying that sales for the period ending 31 July declined five per cent to £281.6 million, with a loss before tax £31.6 million.