CVA Approved for subsidiary

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

Companies

Mode Global Holdings (MODE)
UK 100
FTSE quotes by TradingView

Latest directors dealings

All directors dealings today