Mode Global Holdings PLC CVA Approved for subsidiary (9472V)

TIDMMODE

RNS Number : 9472V

Mode Global Holdings PLC

12 April 2023

Mode Global Holdings Plc

("MODE" or the " Group")

CVA Approved for subsidiary

The company announces that Company Voluntary Arrangement ("CVA") proposals made by it's wholly owned operating subsidiary Mode Global Limited, were approved with modifications, unanimously at meetings of creditors and members.

Successful completion of the CVA depends on the winding down of the Group's trading operations, which continues to plan. Customer operations have already ceased with the cessation of the remaining infrastructure and business operations to be completed in due course.

The Board will continue to look for ways to extract value from the Group in the future and to rebuild operations.

Enquiries:

 
 Mode Global Holdings PLC                info@modeapp.com 
  Jonathan Rowland / Richard Morecroft

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCDZGMDVZDGFZG

(END) Dow Jones Newswires

April 12, 2023 02:47 ET (06:47 GMT)

R8 Capital Investments (LSE:MODE)
Historical Stock Chart
From Apr 2024 to May 2024