The group, which aims to focus more on data and insight, needs the approval of 75% of shareholders by the time of its general meeting on August 28.
It currently has approval from shareholders accounting for 48.6% of shares, including four shareholder managers who own 44% of the business.
said it took the decision because of limited liquidity in its shares, the low ratings being applied to AIM-listed companies, the costs of the listing and its need for a more flexible approach to investment than the public market offers.
The group, which is led by chief executive Steve Mattey, owns ad agency Chick Smith Trott, promotional marketing agency Cubo, research and data analysis firm Tree and PR agency The Media Foundry.
Qubo
Cagney seeks to delist from stock market
LONDON - Marketing services group Cagney is attempting to delist from the Alternative Investment Market in order to approach other sources of capital.