Is this coming back with a refinance and at what cost20 Mar 2026 08:41
The Company announces that it has today accepted the resignations of Mr. Jason Brewer, Mr. Simon Grant-Rennick, Mrs. Noreen Kidunduhu, Mr. Edward Ruheni, Mrs. Hannah Wang'ombe, Mr. Kevin Warrington and Mr. Martin Westerman with immediate effect, in order to facilitate a proposed refinancing and a planned re-listing of the Company.
Mr. Stefan Muller is remaining as director and would like to thank each of the departing directors for their contribution to the Company and wish them well in the future.
The Company expects to appoint new directors in the very near future.
Discussions in relation to the proposed refinancing and other operational related activities in the United Kingdom and Kenya remain ongoing. Shareholders should note that there can be no guarantee that the proposed refinancing will be completed on acceptable terms, or at all. The Board nevertheless considers that pursuing the proposed refinancing is in the best interests of the Company and its shareholders.
The Company will provide further updates to shareholders as negotiations progress.