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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Trackwise Designs Plc | LSE:TWD | London | Ordinary Share | GB00BFYT9999 | ORD 0.1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.175 | 0.00 | 00:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Jan 2023 to Jan 2025
TIDMTWD
RNS Number : 1450H
Trackwise Designs PLC
25 July 2023
25 July 2023
TRACKWISE DESIGNS PLC
("Trackwise", the "Company" or the "Group")
Notice of Intention to Appoint Administrators
On 24 July 2023, the Company announced the decision of the Board to pursue a sale of the Company's trading operations.
Whilst this sale process has just been initiated, due to the Group's current financial uncertainty and in light of increased creditor pressure, following discussions with its advisors the Board has resolved to today file a notice of intention to appoint administrators to the Company. Unless circumstances change, the Board intends in due course to appoint administrators in accordance with statutory requirements.
Trading in the Company's ordinary shares on AIM remains suspended pursuant to the notice of 03 July 2023.
Further announcements will be made in due course.
Enquiries
Trackwise Designs plc +44 (0)1684 299 930 Philip Johnston, CEO www.trackwise.co.uk Paul Cook, CFO FRP Advisory Trading Limited trackwise@frpadvisory.com finnCap Ltd +44 (0)20 7220 0500 NOMAD and Broker Ed Frisby/Fergus Sullivan - Corporate Finance Andrew Burdis/Barney Hayward - ECM
The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
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
MSCNKPBDBBKDPOB
(END) Dow Jones Newswires
July 25, 2023 08:17 ET (12:17 GMT)
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