RE: Cooper11 May 2022 14:45
The Joint Administrators confirm that negotiations, between the Company, Greencastle Media, Ach Capital Partners LLP, Mr D Sefton and the European High Growth Opportunities Securitization Fund are progressing.
The terms of the proposed Company Voluntary Arrangement have now been agreed, subject to the outcome of those negotiations.
As soon as the negotiations are successfully concluded, the CVA will be issued, with a view to returning control of the Company back to it’s Board, if agreed by creditors and shareholders.