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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Safestyle Uk Plc | LSE:SFE | London | Ordinary Share | JE00BGP63272 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.32 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Manufacturing Industries,nec | 154.32M | -6.51M | -0.0469 | -0.07 | 444.37k |
From May 2023 to May 2024
TIDMSFE
RNS Number : 6139R
Safestyle UK PLC
27 October 2023
27 October 2023
The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.
Safestyle UK plc
("Safestyle" or the "Company" and together with its subsidiaries, the "Group")
Notice of Intention to Appoint Administrators
Safestyle UK plc (AIM: SFE.) announces that following its announcement of 26 October 2023 (the "26 October Announcement"), the interested parties that were, at that time, involved in the Proposed Sale process as defined in that announcement, have withdrawn their respective interests.
Therefore, the Board of the main trading subsidiary of the Group, H.P.A.S. Limited ("HPAS") and other intermediate holding companies in the Group, namely Style Group Holdings Limited and Style Group UK Limited, has concluded that they are no longer able to continue trading as a going concern.
Consequently, the Board has filed notice of intention to appoint administrators to HPAS, Style Group Holdings Limited and Style Group UK Limited in Court today.
Unless financial circumstances change, and in accordance with statutory requirements, the board of these three companies intends to appoint administrators within 10 business days.
Further announcements will be made as and when appropriate.
For further information:
Safestyle UK plc via FTI Consulting Rob Neale, Chief Executive Officer Phil Joyner, Chief Financial Officer Zeus (Nominated Adviser & Joint Broker) Tel: 0203 829 5000 Dan Bate / James Edis (Investment Banking) Dominic King (Corporate Broking) Liberum Capital Limited (Joint Broker) Tel: 0203 100 2100 Jamie Richards / William King FTI Consulting (Financial PR) Tel: 0203 727 1000 Alex Beagley / Sam Macpherson / Amy Goldup
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
SRSUBUBROVURUAA
(END) Dow Jones Newswires
October 27, 2023 13:26 ET (17:26 GMT)
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