Parity Group plc (GB:PTY) has released an update.
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Partway Group plc has announced the suspension of trading of its ordinary shares on the AIM market and its intention to not pursue a reverse takeover, instead opting for a solvent members’ voluntary liquidation (MVL). The company’s board, after consulting with advisors, believes that returning capital to shareholders is the best course of action and plans to cancel trading on AIM by 9 July 2024, pending shareholder approval. Shareholders will receive further details and a general meeting will be convened to discuss the proposed liquidation and trading cancellation.
For further insights into GB:PTY stock, check out TipRanks’ Stock Analysis page.
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