Brief: Unbound Group Says There Is Uncertainty As To Whether It Is Able To Pay Debts As They Fall Due

Unbound

18/07/2023 17:50

July 18 (Reuters) - Unbound Group PLC  UBGU.L :
    * UNBOUND GROUP PLC  - BEACONSFIELD FOOTWEAR DISPOSAL
    * UNBOUND GROUP PLC - DEAL FOR A TOTAL CASH CONSIDERATION OF £6.7 MILLION
    * UNBOUND GROUP PLC - DISPOSAL OF BUSINESS AND ASSETS OF OPCO BY
ADMINISTRATORS
DIVESTS COMPANY OF ITS MAIN TRADING BUSINESS
    * UNBOUND GROUP PLC - THERE IS UNCERTAINTY AS TO WHETHER COMPANY IS ABLE TO
PAY
ITS DEBTS AS THEY FALL DUE
    * UNBOUND GROUP PLC - COMPLETION OF TRANSACTION IS NOT EXPECTED TO RESULT IN
ANY
VALUE ATTRIBUTABLE TO COMPANY'S EXISTING SHAREHOLDERS

Source text for Eikon:  ID:nRSR4281Ga 
Further company coverage:  UBGU.L 

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