Everyman Cinema Chain Considers London Stock Exchange Delisting Amid Turnaround Efforts

The upmarket cinema chain Everyman is considering a delisting from the London Stock Exchange, following a period of significant trading difficulties. The company announced that three major director shareholders, who collectively hold 45.6% of the issued share capital, are in favor of delisting.

Everyman's board stated that based on these views, and with additional shareholders representing at least 11% also expected to support the cancellation of trading on the Aim market after 13 years, the company anticipates proposing a delisting to all shareholders. This proposal would be conditional on receiving shareholder approval.

While the company did not specify the reasons for the potential delisting, it follows a difficult period marked by pandemic-related closures, the impact of writers' strikes on film releases, and increased competition. In December 2025, a profit warning led to a sharp decline in Everyman's share price, and the chief executive, Alex Scrimgeour, stepped down weeks later.

The company's shares fell by nearly 15% to 29.90p following the announcement, erasing gains made since March. New chief executive Farah Golant, who has an advertising background, is leading a turnaround effort. Her strategy includes pausing the group's expansion plans to prioritize debt reduction.

Despite these challenges, Everyman reported a 26.5% increase in revenue to £58.5 million for the 21 weeks ending May 28, with adjusted earnings rising 45.2% to £9.4 million. The company attributed this growth to a slate of recent film releases, including "Wuthering Heights" and "The Devil Wears Prada 2," which contributed to building strong market share. Everyman currently operates 49 cinemas.

Everyman's potential delisting aligns with a broader trend of companies reconsidering their presence on the London market. Plumbing supplier Ferguson recently announced plans to cancel its secondary listing in London, citing cost reductions and simplified governance after shifting its primary listing to New York. Similarly, Flutter Entertainment, the owner of Paddy Power, announced in May 2024 its intention to delist from the London Stock Exchange in August, citing higher costs and regulatory burdens as reasons for the move.