Sydney-based Innlanz announced plans to voluntarily delist from the ASX due to financial strain from the COVID-19 pandemic.

The company's board submitted a formal delisting application, citing unsustainable costs.

Shareholders will vote on the delisting and an off-market buy-back scheme at an extraordinary general meeting on June 14.

The board unanimously recommends approval, emphasising reduced expenses and continued focus on the hospitality sector.