Sorted group2 Apr 2026 12:33
I’m assuming this will go through at the shareholders meeting.
Sorted Group Holdings PLC, down 25% at 15p, 12-month range 10.00p-50.00p. The delivery platform operator unveils a plan to sell its Sorted Group Ltd unit to Brislington Holdco Ltd for a nominal sum. If the deal takes place, Sorted will become a cash shell under AIM rules, kicking off a six month countdown to make a reverse takeover, or become an investing company by raising at least GBP6 million. "Leveraging their knowledge and contacts, the directors will seek to identify suitable investment and/or acquisition opportunities. At this stage, the directors would not seek to exclude any particular sector or jurisdiction," it adds. It will propose to shareholders a name change to SGH PLC.