Iconic Labs PLC - London-based media and technology business - Announces that 83,256 shares were allotted to unsecured creditors in accordance with the creditors voluntary arrangement dated September 22, 2022. Following the issue of these shares, the issued ordinary share capital is around five million shares.
Chief Executive Officer Brad Taylor says: "We are pleased to announce the allotment of shares to the unsecured creditors satisfies the final condition to bring the CVA to a successful conclusion...Once the CVA is discharged, Iconic will be well positioned to focus on its business goals."
Current stock price: 13.77 pence
12-month change: down 90%
By Jeremy Cutler, Alliance News reporter
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Iconic Labs (ICON)