RE: 3 months6 Mar 2023 14:33
Strategic review
The Board believes that there has been limited liquidity for In The Style's shareholders for some time and that the current market capitalisation of the Company does not properly reflect the underlying growth potential of the Group which may be better realised under an alternative ownership structure.
The Board has, therefore, decided to conduct a strategic review of the Group's business as a whole (the "Strategic Review") and has appointed Lincoln International to assist with this process. The outcome of the Strategic Review may or may not result in a sale of the Company or some or all of the Group's business and assets. The Company is not in talks with any potential offeror and is not in receipt of any approach with regard to a possible offer.
As a consequence of this announcement, an 'offer period' has now commenced in respect of the Company in accordance with the rules of the Code and the attention of shareholders is drawn to the disclosure requirements of Rule 8 of the Code, which are summarised below.