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The Board of Iconic is pleased to confirm that it has now entered into non-binding heads of terms with the owners of ITS Holdings 2023 Ltd (the "Target"), the holder of the entire issued share capital of In the Style Fashion Ltd, an online fashion retailer, in connection with the potential purchase of the entire issued share capital of the Target. The proposed transaction is, inter alia, conditional on the completion of legal and financial due diligence on the Target.
No that's the operating company that was previously carved out of this plc.
Cheers
So ITS in its formal glory is returning to the market?
Https://www.lse.co.uk/rns/heads-of-terms-signed-k5gmbb49ds7a5bu.html
Wheres its , rns??
not to sure about this,
yes i agree, its was carved up, but they state , it's, not, in the style,
and dates of news are long after the carve up,
some thing a drift here.
gla
No it doesn’t relate to holders in this ex IN THE STYLE cash shell it relates to the company formed when the business was bought by Baaj and AF went and continued with them. Unbelievable isn’t it! So they are now doing an RTO with ICON apparently the ltd company that was born out of the sale! Shareholders here must be ffing furious at the irony as there’s a cash shell sitting here but now they’re returning to the stockmarket via RTO with ICON after shareholders lost everything here! Has nobody worked this out yet! It’s quite vomit inducing. IMHO DYOR
You just knew it was too good to be true. Another £10k down the drain on the cess pit that is AIM.
It should really be made illegal. Would prevent an awful lot of retail investors being quite deliberately shafted
Bad luck Jimmy. Losses to the brave on this occasion it seems.
Head round this,
icon is cash shell,
its is cash shell,
in the style is , ( sold of ) know ltd,
icon , rto, into , in the stlye,
its, is seperart rto, (cash shell)
awaiting.
adam frisby, holds, 22% in, its, not, in the style.
a plc does not rto in to a plc.
in the style and its are 2 seperate companys, 1 ltd, the other , plc.
So as i see it,
in the style has been divided in 2, brought back to market has 2 plc's, 1 has been reported, via icon,
other , awaiting , news.
Good on ya Jimmy. That's plucky!
Does that make sense roger ?
or am i clutching at straws?
plc, its' into icon' is a , change of names, not a , rto, ????
Jimmy it’s the unlisted company born out of the listed business here that Baaj bought which became a ltd co off market after the sale. What was left over from the sale is now ITS as a cash shell here. The RTO concerns the now private company IN THE STYLE ltd 2023 see companies house AF/Baaj Capital. Confusing but shareholders here this now has nothing to do with shareholders now left here. A kick in the nuts from AF is what it is and brass neck absolute cheek to relist via the RTO of a cash shell that being ICON! You could not make this up! IMHO DYOR
ICON into ITS Holdings 2023 Ltd - if the transaction is completed then it does indeed constitute a rto.
They had two options but have plumped for the other one that we're not holding shares in. So, unless they have two deals going on at the moment I'm afraid it does look as if we've been shafted.
Plus I really did think it would have to be about now that something would come to light. I didn't buy the argument that if there's no news it suggests something is on the cards.
I'm gutted but this is AIM. Happens all the time.
ITSARM has nothing to do with ITS im afraid, ITS holdings was set up post sale with the buyer Jas Singh. The company still operates whilst leaving the RENAMED ticker behind. Shareholders veto'd the liquidation with two big names going the fray, nothing has come to fruition from them. ICON RTO in to In The Style holdings will be fruitful for ICON holders but unfortunately zilch for ITSARM. As share said its pretty disgusting behaviour particularly from those who were involved in In The Style pre sale. I guess those who took it forward post sale cant be held to account but Adam for now is in tow with them so some questions still exist.
Sorry that's what i was trying to say.
Jimmy, you and I are invested in ITSARM.
This rto involving ICON is with ITS Holdings 23 Ltd - a different entity.
It's not beyond the bounds of possibility ITSARM is still being lined up for something but given Craven's recent appointment I'd guess he's long ago given up on ITSARM being useful to him and it will just be wound up on March 27th and we lose our money. Like I say I'm gutted. It would have been great to get our money back at the very least but looks as if it's a goner.
Uck it,
monday club,
tomorrow another day.
gla
Rodge, you really need to slow down and digest things. As with the BodyShop?Next nonsense, ITS Holding has NOTHING to do with any possible RTO for ITSARM. And why on earth does Craven taking a non-exec role at a betting firm preclude something happening at ITSARM? In conclusion, the state of play today is exactly the same as it was when suspended; for what it's worth, I'm still confident that BodyCare is the RTO candidate.
We can but hope Buda. Tks for trying to put a positive gloss on the current situation. It's not over until the fat lady sings but I think I can hear her warming up with her scales and arpeggios....
Im with u buda, the excitement at icon is over thinking and spilling over,
if the word on the street held any substance, WHERE IS THE RNS/NEWS.
NONE.
its a , stay cool and positive.
gla
roger,
PROFIT TO THE BRAVE>
xx
It’s not over until it’s over roger . I imagine holders of ICON probably thought all was lost too until this morning .
The ICON RTO isn’t anything to do with the current cash shell left here I’m afraid! It absolutely stinks though the fact they want to relist that in the style now private company that was public that you were all invested in back on to the stockmarket via another cash shell! Stinks! IMHO DYOR
But sharebel,we are not invested in instyle,
We are invested in the , plc, holding, its,
The cash shell, the after birth,uck me, how do I after explain this,
Roger,
Keep the faith,
Profit to the brave.
Xx
Jimmy what are you talking about the "holding" business was set up in 2023 on the back of the sale to Baaj Capital, those involved have nothing to do with ITSARM. And I had realised that Adam now has nothing to do with In the style having stepped down in Dec. This is very interesting but unfortunately not for ITS holders who have been mugged by Adam. It is interesting that now he is no longer involved they are looking to take it back to the market.