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Daily Mail Group returns to private ownership

DMGT chairman Lord Rothermere hailed a "huge milestone" as he announced January 10 as the date for the publisher's delisting from the London Stock Exchange after almost 90 years of being listed on the stock market.

Daily Mail Group returns to private ownership

Rothermere said the board would apply to cancel the listing of all DMGT A shares, and cancel trading in all DMGT A shares, to take effect from 8am that day.

The Rothermere family are the group’s largest shareholders with a majority stake of 36%.

He said: "Today marks a huge milestone for DMGT, as we look towards an exciting and rewarding future under private ownership once again.

“We have always been a business that backs strong leadership and talent, and today is the ultimate expression of that faith.

“Everything we do is in the service of our customers, for whom we will continue to deliver the absolute best, as we have for over 130 years.

“I would like to extend my thanks to everyone who has played a role in making this momentous day possible. I am excited and inspired by what lies ahead."

The delisting of DMGT has been in the pipeline for several months now and was conditional upon the listing of online car dealership Cazoo on the New York Stock Exchange and the sale of its insurance business RMS.

As well as the Daily Mail and Mail on Sunday the group owns Metro newspapers and recently acquired New Scientist and The i newspaper.

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