Software company Smoove set to join London stock market exodus

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A producer of software for estate agents and conveyancers has received a string of takeover approaches which could result in its delisting from the AIM market, Sky News understands.

A conveyancing software maker is in talks to join the growing exodus of companies from the London stock market.

Sky News has learnt that AIM-listed Smoove has received several takeover approaches from unnamed suitors. City sources said on Monday that the company was engaged in discussions with at least one prospective buyer.It says its mission is to"revolutionise home-moving and ownership", and had sales of just over £10m in the first half of its financial year.Nevertheless, the news that it has received bid approaches adds its name to the queue of London-listed companies in talks about takeovers.

 

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