Brief: Nicholas Financial Says Intends To Explore Strategic Alternatives For Use Of Net Proceeds From Sale

Old Market Capital

13/02/2024 21:52

Feb 13 (Reuters) - Nicholas Financial Inc  NICK.O :
    * NICHOLAS FINANCIAL INC: QTRLY LOSS PER SHARE $1.60
    * NICHOLAS FINANCIAL: AS PREVIOUSLY DISCLOSED, SEEKING
SHAREHOLDER
APPROVAL FOR THE SALE OF ALL OR SUBSTANTIALLY ALL OF CO'S
UNDERTAKING
    * NICHOLAS FINANCIAL- SEEKING APPROVAL FOR SALE PURSUANT TO
TERMS
OF MASTER ASSET PURCHASE AGREEMENT DATED NOV 13, 2023 BETWEEN CO
& WESTLAKE FINANCIAL
    * NICHOLAS FINANCIAL INC: PURSUING LOAN PORTFOLIO SALE FOR A
NUMBER OF REASONS CONSISTENT WITH ITS PREVIOUSLY DISCLOSED
EVOLVING RESTRUCTURING PLAN
    * NICHOLAS FINANCIAL INC: INTENDS TO EXPLORE STRATEGIC
ALTERNATIVES FOR USE OF NET PROCEEDS FROM SALE

Source text for Eikon:  ID:n0000950170-24-014524 
Further company coverage:  NICK.O 

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