Dutch housing agency Direct Wonen is delisting from the London stock exchange’s AIM market after three years, the Financieele Dagblad reports on Friday.

Founders Richard Westerhuis and Yvonne Swaans, made €25m when they floated Direct Wonen, are ending the listing on Friday, much to the surprise of minority shareholders Delta Lloyd and Add Value Fund, the paper said.
‘In particular investors who paid £1.27 at the launch feel they have been sold out,’ Add Value fund manager Willem Burgers told the paper. ‘We stepped in a lot cheaper and have made a loss of a couple of hundred thousand euros… We are in talks with Delta Lloyd about taking action.’
Share price
Delta Lloyd has been a 6% shareholder since the IPO, the paper says. Direct Wonen’s share price plunged 95% after the launch.
One investor told the paper management had let the company ‘bleed to death’.
Westerhuis, Swaans and the company’s CFO are all on holiday and unavailable for comment, the paper said.
Last year Direct Wonen lost its licence to operate in Amsterdam after ‘consistently breaking city council rules’.