Iconic Labs PLC - media & technology business - Sees number of contracts delayed or cancelled due to Covid-19, hurting revenue and profitability. Has now begun to sign contracts again. Greencastle Capital remains in talks to buy Maximum Media Ltd and Joe Media Ltd. To ink management services agreement with Greencastle to manage Maximum Media and Joe Media, if acquisition is successful. Buyout of Social Alchemist delayed due to Covid-19, now in final talks to close the deal. Remains in talks over GBP1 million contract for marketing and consultancy services with an undisclosed client. Impairs GBP150,000 loan provided to Medium Channel Media Ltd.
Current share price: 0.015 pence
Year-to-date change: down 79%
By Tapan Panchal; tapanpanchal@alliancenews.com
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Iconic Labs (ICON)