RE: So did investors get shafted here ?22 Aug 2022 20:13
In case anybody hasn't heard:-Studio Retail Group Plc - In Administration (“the Company”)
Company Number: 00549034
Daniel James Mark Smith and Daniel Francis Butters were appointed Joint Administrators of the Company on 24 February 2022. Shortly after the appointment, the Company suspended the listing and trading of the Company’s ordinary shares.
Following application by the Company, the Financial Conduct Authority has cancelled the listing of the Company's ordinary shares on the premium segment of the Official List and the London Stock Exchange has cancelled the trading of the Company’s ordinary shares on the main market for listed securities maintained by the London Stock Exchange, in each case with effect from 08.00 am (GMT), 25 February 2022.
As such the shares have no value and there will be no distribution to the shareholders.
Details of the sale of the company’s shareholding in Studio Retail Ltd to and certain other assets to Fraser’s Group were published to the Companies House database on 9 March 2022.