Harworth Group Applies to Delist from London Bourse as Peel Group's Ownership Tops 75%

11:46 PM EDT, 10/14/2026 (MT Newswires) -- Harworth Group (HWG.L) commenced the process of delisting from the London stock exchange as Peel Holdings Group's ownership of the company increased to more than 75%, according to separate Wednesday filings. Peel Group, through Peel Pepper (UK), is offering to take over Harworth at 1.87 pounds sterling per share. As of Wednesday, the offer received acceptances from holders of 12,795,506 Harworth shares, or 3.91% of the target's total issued share capital. Including shares under ownership of parties acting in concert with the offeror, Peel Pepper's total ownership of Harworth amounted to 246,411,237 shares, or 75.35% of the latter's issued share capital. The London-listed property developer said that the notice period for its delisting has already started, with the cancellation of trading expected to take effect on Nov. 12.