UK's Videndum crashes on warning of little-to-no shareholder returns if refinancing fails

Videndum

10/03/2026 09:08

** Shares of household electronics maker Videndum VIDV.L plunge over 55% to a record low of 4.4p

** Stock is top loser across the London bourse

** Co announces final terms of refinancing including fresh equity raise

** Co warns that in case of unsuccessful refinancing, lenders will pursue deal to keeps business running but would leave shareholders with little or no returns

** Co expects 31 December 2025 pro forma net debt to fall by 111.7 mln pounds ($150.44 million) to 31.2 mln pounds

** Expectations for FY26 remain unchanged

** VIDV down ~60% YTD

($1 = 0.7425 pounds)

 (Reporting by Megha Kumari)

 ((Megha.Kumari@thomsonreuters.com;))