Brief: Swvl Holdings Announces Commencement Of Strategic Review Process
30/12/2022 21:48
Dec 30 (Reuters) - Swvl Holdings Corp SWVL.O :
* SWVL ANNOUNCES COMMENCEMENT OF STRATEGIC REVIEW PROCESS
* SWVL HOLDINGS CORP - ANNOUNCED FORMATION OF SPECIAL
COMMITTEE TO
EXPLORE, EVALUATE POTENTIAL STRATEGIC ALTERNATIVES THAT MAY BE
AVAILABLE TO CO
* SWVL - STRATEGIC COMMITTEE WILL MANAGE ALL EXPRESSIONS OF
INTEREST RELATING TO ANY PROPOSED POTENTIAL STRATEGIC
TRANSACTIONS THAT MAY BE FORTHCOMING
* SWVL HOLDINGS CORP - HAS NOT SET A TIMETABLE FOR
COMPLETION OF
PROCESS
* SWVL HOLDINGS CORP - TAKING THESE MEASURES AMID CONTINUING
UNCERTAINTY IN GLOBAL ECONOMIC ENVIRONMENT AND VOLATILITY IN
CAPITAL MARKETS
* SWVL HOLDINGS CORP - WILL CONTINUE WITH PREVIOUSLY
ANNOUNCED AND
ONGOING COST REDUCTION MEASURES INCLUDING DISCONTINUATION OF
CERTAIN OPERATIONS
Source text for Eikon: ID:nGNX9wfv2t
Further company coverage: SWVL.O
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