MODE.L

R8 Capital Investments plc
Mode Global Holdings - CVA Approved for subsidiary
12th April 2023, 06:47
TwitterFacebookLinkedIn
To continue viewing RNS, please confirm that you are a Private Investor*

* A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:

  1. Obtains access to the information in a personal capacity;
  2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
  3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
  4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
  5. Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
  6. Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
RNS Number : 9472V
Mode Global Holdings PLC
12 April 2023
 

 

 

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

Jonathan Rowland / Richard Morecroft

info@modeapp.com

 

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 ]]>
TwitterFacebookLinkedIn