McInerney Holdings delists from Irish and British stock exchanges

HOUSEBUILDING group McInerney Holdings has delisted from the Irish and London stock exchanges, saying it isn’t in a position to meet its obligations for being a publicly owned company. The group is currently in examinership.

In a statement yesterday, McInerney’s management said the group’s board had concluded it was no longer in the best interests of the company — or its shareholders — to remain a publicly listed entity, as the business “is no longer in a position to meet its continuing obligations for listing”.

It added that formal approval for the move from existing shareholders will not be sought.