Is it over8 Sep 2022 08:43
Reading this doesn’t sound great I was positive that this could be turned around but expect a total collapse when the market opens
As previously announced, it is expected that any de-leveraging transaction will result in very significant dilution of existing equity interests in the Group and there is no guarantee of any recovery for holders of existing equity interests. The Company does not expect the Chapter 11 filing to result in a suspension of trading in its shares on the London Stock Exchange.