REG - Totally PLC - Intention to Appoint Administrators and Suspension

TotallyAnnouncement

06/06/2025 13:00

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RNS Number : 8472L  Totally PLC  06 June 2025

This announcement contains inside information for the purposes of article 7 of
the Market Abuse Regulation (EU) 596/2014 (which forms part of domestic UK law
pursuant to the European Union (Withdrawal) Act 2018 ("UK MAR"). With the
publication of this announcement, this information is now considered to be in
the public domain.

Totally plc

 

("Totally " or the "Company")

 

Intention to Appoint Administrators of Parent Company and Suspension of
Trading in Shares

 

Further to the announcements made on 1 May and 23 May 2025, the Company
announces that the Strategic Review being conducted has not produced any
solvent offers for Totally, being the parent company of the Totally group of
companies (the "Group"), despite a concerted effort by the Company supported
by Ernst & Young ("EY"). For the avoidance of doubt, this announcement
relates only to Totally Plc, and all businesses within the Group will continue
to serve patients as normal. A further announcement will be made in relation
to the sale processes for these entities in due course.

 

The Board of Totally has resolved to file a notice of intention to appoint Tim
Vance and Sam Woodward as Joint Administrators of Totally Plc today. The
Directors are taking this action to protect the interests of the Totally Plc's
creditors.

 

In light of the above, the Board announces that it has requested a suspension
of trading in the Company's ordinary shares on AIM with immediate effect.

 

This announcement relates solely to the intention to appoint an administrator
over the parent company, Totally Plc, and not to any of the trading
subsidiaries within the Group.

 

Resignation of Nominated Adviser and Broker

 

As a result of the Company's intention to appoint Administrators, Canaccord
Genuity Limited has informed the Company of its resignation as Nominated
Adviser and Broker to the Company with immediate effect. Pursuant to AIM Rule
1, if a replacement Nominated Adviser is not appointed within one month from
the resignation of the current Nominated Adviser, the admission of the
Company's shares to trading on AIM will be cancelled. The Company has no
current intention of appointing a replacement Nominated Adviser.

 

For further information please contact:

 

 Totally plc                                                           020 3866 3330

 Simon Stilwell, Chair

 Prasad Godbole, Chief Executive Officer (Interim)

 Canaccord Genuity Limited (Nominated Adviser & Corporate Broker)      020 7523 8000

 Bobbie Hilliam / Harry Rees

 Ernst & Young                                                         0113 298 2410

    Tim Vance, Partner

 

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