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Top 5 Winners & Losers for Friday 17th February 2023
1. URU Metals
3. Creo Medical
Maintel Holdings announces that Ioan MacRae, Chief Executive Officer has tendered his resignation from the Company with immediate effect.
The Company intends to engage an executive search firm to assist with the process of selecting a Chief Executive Officer and will update the market in due course. In the interim period, Carol Thompson, Executive Chair will assume day-to-day responsibility.
2. Purplebricks
Trading Update and Launch of Strategic Review
Trading Update
The impact of lower instruction levels during Q3 FY23 has resulted in the Board revising its expectations for full year performance.
The Group now expects to deliver revenue for FY23 of between £60 million and £65 million, and an adjusted EBITDA loss of between £15 million and £20 million.
Strategic Review
The Board recognise that the potential of the Group may be better realised under an alternative ownership structure, and has, therefore, decided to conduct a strategic review of the Group’s business (the “Strategic Review”) with the aim of delivering maximum value for shareholders.
4. Rotala
Result of Tender Offer, Director/PDMR Shareholdings, and Total Voting Rights
On 26 January 2023, Rotala posted a circular to Shareholders with details of the Tender Offer to repurchase up to 18,181,818 Shares at the Tender Price of 55 pence per Share, for an aggregate maximum consideration of £10.0 million.
The Tender Offer closed at 1.00 p.m. on 16 February 2023. Valid tenders were received in respect to 138.4% of the total number of Shares subject to the Tender Offer.
To check out the full list of Winners & Losers visit: https://www.voxmarkets.co.uk/markets