RE: Returned after 4 year suspension14 Sep 2024 14:47
Completion of this effort allows the Company to manage the legacy obligations of several incomplete RTO efforts into a sustainable form, and puts the Company in a financial position allowing it the opportunity to prosper, as well as facilitating the resumption of trading of the Company's shares. The expectation is that the Board of Curzon will be strengthened to further increase its ability to execute a targeted transaction. An announcement to this effect was released on 19 August 2024, with two new incoming Directors, Mr. Paul Forest, and Mr. Richard Glass now set to join the Board.
The CVA was passed by the Company creditors and shareholders at two meetings held in succession on 5 September 2024. The passage of the CVA and the resolutions of the GM provide a solid foundation for the incoming Directors to build upon to the benefit of all stakeholders.
The revised Board will now work closely with Peterhouse in order to identify a suitable transaction of sufficient size to meet the recent London Stock Exchange rule changes, that outline that any new RTO must be larger than £30m upon completion and relisting.