Abal Group Confirms Intention To Change Name But Warns On Delays

(Alliance News) - Abal Group PLC on Friday said it has received notification from Companies' House that significant delays are currently being experienced in the processing of name change applications already lodged as a consequence of the Covid-19 pandemic.

The software company proposed a name change to Supply@ME Capital PLC at the end of March, but Companies House warned it may not be able to process documents as quickly as has been done previously.

"The company wishes to assure shareholders that it is doing everything it can to conclude the formal name change to Supply@ME Capital as quickly as possible," Abal said in its statement Friday.

Abal shares closed 4.9% lower in London on Friday at 0.35 pence each.

By Evelina Grecenko; evelinagrecenko@alliancenews.com

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