Disposal of Subsidiary: The GP Service Limited

Kanabo

11/12/2025 11:30

RNS Number : 2251L

Kanabo Group PLC

11 December 2025

 

Kanabo Group plc (in Administration) ("Kanabo" or the "Company")

Disposal of Subsidiary: The GP Service Limited

11th December 2025

 The Joint Administrators of Kanabo Group plc (the "Company") announce that on 9 December 2025, the disposal of the Company's entire issued share capital in The GP Service Limited ("GPS") was completed. The subsidiary has been acquired by Green UK Wholesale Ltd (the "Buyer").

The consideration for the transaction has been paid in full on completion. The specific terms remain confidential to protect the commercial interests of the operating business.

Following this disposal, the Joint Administrators are now focused on the Company's remaining structure. The Joint Administrators are currently working closely with the Company's Directors to evaluate strategic options for the future of the Company.

The objective of this review is to explore potential pathways that may allow the Company to exit administration as a going concern and to facilitate a potential lifting of the suspension of trading in the Company's shares.

Enquiries:

Administrator:

 Damian Webb
damian.webb@rsmuk.com
T: +44 20 3201 8000

 

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

 

 
DISPKDBBDBDDPBD