• AVC is a small cap company with limited liquidity and index inclusion
• Delisting will result in cost savings and better focus on investment strategy
• Shareholders will have remedies available if they consider delisting is not in their interests

Auctus Investment Group Limited (ASX: AVC) announces that it has submitted a formal request to the Australian Securities Exchange (ASX) to be removed from the official list of the ASX. The company cites several reasons for the delisting, including being a small cap company with limited liquidity and index inclusion, as well as the high administrative, compliance, and direct costs associated with the ASX listing. The board believes the funds used to maintain the ASX listing could be better directed towards the company's investment strategy as an unlisted entity. Additionally, the board believes the low trading volumes have adversely impacted the share price, which does not reflect the true value of the business. The delisting is subject to shareholder approval and certain conditions set by the ASX, including a minimum one-month period before the removal from the official list to allow shareholders to sell their shares. Shareholders will continue to have certain protections under the Corporations Act, such as the related party provisions and continuous disclosure obligations. The company also proposes to conduct an on-market buyback of up to 7.55 million shares. If the delisting is approved, the company plans to change its name to Pier 12 Capital to better reflect its strategic access to differentiated US private market investments.