Member Info for CDF1

But the chain also stressed that discussions are still ongoing.

The retailer said it was "increasingly likely" it would fall into administration
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unless talks around short-term funding were successful.
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Not over until it's over !

GLA

Morrisons declined to comment

https://otp.tools.investis.com/clients/uk/mccoll/rns1/regulatory-story.aspx?cid=912&newsid=1580534

One last chance to get ALL the shares in the morning SUPER CHEAP !!!!

GLA

"However, whilst no decision has yet been made, McColl's confirms that unless an alternative solution can be agreed in the short term, it is increasingly likely that the Group would be placed into administration with the objective of achieving a sale of the Group to a third-party purchaser and securing the interests of creditors and employees. Even if a successful outcome is achieved, it is likely to result in little or no value being attributed to the Group's ordinary shares."

Morrisons declined to comment, while EG Group has been contacted for comment.

Morrisons is said to have proposed a rescue deal to McColl's lenders in recent weeks that would have involved its banks taking a haircut on their debt, with the supermarket chain injecting new capital.

That proposal is not thought to have gained traction, although a revised version of it could yet emerge, according to insiders.

The company's imminent collapse is expected to spark renewed interest in a partial takeover from both Morrison's and EG Group, the petrol retailing giant owned by TDR Capital and the billionaire Issa brothers Mohsin and Zuber.

One cautioned, however, that a rescue deal did remain possible and said that ongoing talks about McColl's future could mean that the appointment of administrators was delayed beyond the end of this week.

It'll be madness first thing tomorrow!

Panic, panic, panic selling !!!

They are doing EVERYTHING they can to keep the price LOW and secure YOUR shares on the CHEAP !!!

I'M HOLDING FOR GOLD !

GLA

Thu, 5th May 2022 17:37

RNS Number : 5279K
McColl's Retail Group plc
05 May 2022

5 May 2022

McColl's Retail Group plc

Response to press speculation

McColl's Retail Group ("McColl's" or "the Group"), the UK's leading community retailer, notes recent press speculation regarding the Group.

As previously disclosed on 25 April 2022, the Group remains in discussions regarding potential financing solutions for the business to resolve short term funding issues and create a stable platform for the business going forward.

However, whilst no decision has yet been made, McColl's confirms that unless an alternative solution can be agreed in the short term, it is increasingly likely that the Group would be placed into administration with the objective of achieving a sale of the Group to a third-party purchaser and securing the interests of creditors and employees. Even if a successful outcome is achieved, it is likely to result in little or no value being attributed to the Group's ordinary shares.

A further update will be made as and when appropriate.

https://www.retail-week.com/grocery/exclusive-mccolls-pauses-morrisons-daily-rollout-as-administration-looms/7041742.article

Practically all gone, can't say I blame anyone for doing the right thing and getting out , maybe to get back in later, have been invested for a few years, it's up and down like a whor*'s drawers on the slightest bit of anything positive.

Maybe this time round we'll see - yeah whatever !

Enough said !

GLA ATB

lewishem

That's fair comment. I think 5p pre AGM would be nice but unlikely imho.

ATB

Huge spread here atm

So tempting !