Brief: Camellia PLC Says Bardsley England Is Consulting With Employees On Proposed Orderly Wind Down Of Business

Camellia

04/01/2024 18:34

Jan 4 (Reuters) - Camellia PLC  CAME.L :
    * CAMELLIA PLC - BARDSLEY ENGLAND IS NOW CONSULTING WITH ITS
EMPLOYEES ON A PROPOSED ORDERLY WIND DOWN OF BUSINESS
    * CAMELLIA-ANTICIPATED TIMETABLE FOR REGULATORY APPROVALS
FOR SALE
OF 37% HOLDING IN BF&M TO BERMUDA LIFE INSURANCE EXPECTED TO BE
DELAYED INTO Q1 2024
    * CAMELLIA PLC - BARDSLEY ENGLAND CUSTOMER'S PROGRAMMES FOR
2023
HARVEST WILL BE SUPPORTED WITH CLOSURE OF ALL OPERATIONS
EXPECTED IN Q2 2024
    * CAMELLIA PLC - BARDSLEY ENGLAND IS SEEKING TO MAXIMISE
VALUE
REALISATION FROM ITS ASSETS
    * CAMELLIA-DESPITE SIGNIFICANT EFFORTS MADE BY BARDSLEY'S
MANAGEMENT, APPARENT THERE IS NO REASONABLE TURNAROUND PLAN
RESULTING IN PROFITABLE BUSINESS

Source text for Eikon:  ID:nRSD7045Ya 
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