Brief: Itsarm Got Into Conditional Agreements Of Proposal Which Allows For Co To Continue As Solvent
24/07/2023 07:33
July 24 (Reuters) - Itsarm PLC ITS.L :
* ITSARM PLC - PROPOSED BOARD CHANGES & WITHDRAWAL OF PETITION
* ITSARM - GOT INTO SOME CONDITIONAL AGREEMENTS OF PROPOSAL THAT GIVES CO
VIABLE
ALTERNATIVE TO PROPOSED COMPULSORY LIQUIDATION ANNOUNCED ON 5 JUNE
* ITSARM PLC - PROPOSAL ALLOWS FOR CO TO CONTINUE AS SOLVENT CO CONDITIONAL
ON
WINDING-UP PETITION
* ITSARM PLC - CURRENT DIRECTORS WILL PROVIDE WITNESS STATEMENT TO COURT
HEARING
ON 26 JULY REQUESTING THAT WINDING-UP PETITION BE WITHDRAWN/DISMISSED
Source text for Eikon: ID:nRSX8805Ga
Further company coverage: ITS.L
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