Brief: In The Style Group Proposes Sale Of Operating Subsidiary Of In Style Group

Itsarm

07/03/2023 07:27

March 7 (Reuters) - In The Style Group PLC  ITS.L :
    * COMPLETION OF STRATEGIC REVIEW
    * PROPOSED SALE OF OPERATING SUBSIDIARY OF IN STYLE GROUP
PLC
    * CONDITIONAL AGREEMENT TO SELL ITS ONLY OPERATING
SUBSIDIARY, IN
STYLE FASHION LIMITED FOR £1.2 MILLION
    * INDEPENDENT DIRECTORS THEREFORE INTEND TO RECOMMEND THAT
SHAREHOLDERS APPROVE SALE
    * CO PROPOSES TO CHANGE ITS NAME TO ITSUM PLC ON COMPLETION
TO
AVOID ANY CONFUSION WITH "IN STYLE" BRAND

Source text for Eikon:  ID:nRSG0748Sa 
Further company coverage:  ITS.L 

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