18 Dec 2023 07:00
18 December 2023
Safestyle UK plc
("Safestyle" or the "Company")
Notice of EGM to Nominate Liquidators and
Intention of Nomad and Joint Brokers to Resign
On 27 October 2023, Safestyle announced that its ordinary shares were suspended from trading due to the ongoing financial uncertainty and that it intended to appoint administrators to its subsidiaries H.P.A.S Limited ("HPAS"), Style Group Holdings Limited ("SGH") and Style Group UK Limited ("SGUK").
On 30 October 2023, the Company announced that it had appointed Richard Harrison and William Wright of Interpath Advisory as administrators to HPAS, SGH and SGUK.
On Friday, 15 December 2023, the Company posted a notice to shareholders convening an extraordinary general meeting for 10 January 2024 to approve the winding up of the Company and to nominate Mark Russell Kelly and Louis Leonard Gerber of KPMG, and David Standish of Interpath Advisory (together the "Joint Liquidators"), as joint liquidators for the purposes of winding up the Company.
The Company has also been informed by Zeus that it intends to resign as Nominated Adviser and Joint Broker to the Company, and Liberum has also informed the Company that it intends to resign as Joint Broker, on the appointment of the Joint Liquidators.
For further information:
Safestyle UK plc Rob Neale, Chief Executive Officer Phil Joyner, Chief Financial Officer
| via FTI Consulting |
Zeus (Nominated Adviser & Joint Broker) Dan Bate / James Edis (Investment Banking) Dominic King (Corporate Broking)
| Tel: 0203 829 5000 |
Liberum Capital Limited (Joint Broker) Jamie Richards / William King
| Tel: 0203 100 2100 |
FTI Consulting (Financial PR) Alex Beagley / Sam Macpherson / Amy Goldup
| Tel: 0203 727 1000 |