Brief: Itsarm Says Proposed Compulsory Liquidation

Itsarm

05/06/2023 11:10

June 5 (Reuters) - Itsarm PLC  ITS.L :
    * ITSARM PLC  - PROPOSED COMPULSORY LIQUIDATION
    * ITSARM PLC - STEPS SHOULD BE TAKEN FOR COMPANY TO ENTER
COMPULSORY LIQUIDATION
    * ITSARM PLC - A CREDITOR'S VOLUNTARY LIQUIDATION ("CVL") IS
NOT
CONSIDERED APPROPRIATE FOR COMPANY
    * ITSARM PLC - ACCORDINGLY, DIRECTORS HAVE RESOLVED TO MAKE
A
PETITION TO HIGH COURT THAT COMPANY BE WOUND UP
    * ITSARM PLC - SIGNIFICANT RISK THAT CREDITORS OF CO WOULD
SUFFER
DETRIMENT IF COMPANY WAS NOT PLACED INTO A FORMAL INSOLVENCY
PROCEDURE IMMEDIATELY

Source text for Eikon:  ID:nRSE6638Ba 
Further company coverage:  ITS.L 

 ((Reuters.Briefs@thomsonreuters.com;))