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Bay Capital Plc ( (GB:BAY) ) has provided an update.
Bay Capital Plc announced plans to amend its articles of association following the expiration of the FCA’s Transition Provisions for shell companies. The proposed changes will require the company to cease operations and return excess cash to shareholders if no initial transaction is completed by July 30, 2027, ensuring compliance with UKLR 13.2.1R.
More about Bay Capital Plc
Bay Capital Plc is a Main Market listed acquisition company operating in the financial sector, focusing on acquiring and managing shell companies.
Average Trading Volume: 21,526
Technical Sentiment Signal: Sell
Find detailed analytics on BAY stock on TipRanks’ Stock Analysis page.