Tasty plc (GB:TAST) has released an update.
Tasty plc has renegotiated the terms of a £750,000 loan, allowing for the conversion of this debt into over 51 million new ordinary shares, subject to shareholder approval. Shareholders have been notified via a recently posted circular about a general meeting scheduled for 22 July 2024 to vote on the necessary resolutions. Failure to approve these resolutions could adversely impact the company’s financial stability and its ongoing restructuring plan.
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