Mode Global Holdings PLC CVA Approved for subsidiary (9472V)

TIDMMODE

RNS Number : 9472V

Mode Global Holdings PLC

12 April 2023

12 April 2023

Mode Global Holdings Plc

("MODE" or the " Group")

CVA Approved for subsidiary

The company announces that Company Voluntary Arrangement ("CVA") proposals made by it's wholly owned operating subsidiary Mode Global Limited, were approved with modifications, unanimously at meetings of creditors and members.

Successful completion of the CVA depends on the winding down of the Group's trading operations, which continues to plan. Customer operations have already ceased with the cessation of the remaining infrastructure and business operations to be completed in due course.

The Board will continue to look for ways to extract value from the Group in the future and to rebuild operations.

Enquiries:

 
 Mode Global Holdings PLC                [e-mail] 
  Jonathan Rowland / Richard Morecroft 
 

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(END) Dow Jones Newswires

April 12, 2023 02:47 ET (06:47 GMT)