MBH Corporation Plc / GB00BPNYZL95

Correction of a release from 23/02/2024, 22:44 GMT/BST - MBH Corporation Plc:

EQS-Ad-hoc: MBH Corporation Plc / Key word(s): Insolvency


26-Feb-2024 / 08:27 GMT/BST
Correction of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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The directors of MBH Corporation Plc (the “Company”) have today resolved to place the Company into administration and intend to file a notice of appointment at Court on Monday 26 February 2024. The Company is cash flow and balance sheet insolvent. Notifying person: Kevin Hanbury, Director

Correction to the earlier notice that the Directors had resolved to place the Company into administration the Company will hold an EGM (Extraordinary General Meeting) for shareholders on Monday 11 March 2024 at 10am London time to vote for the removal of the board of directors.

Not all Directors support the decision to place the Company into administration due to there being a turnaround plan and line of funding available. As such such action is not in the best interests of creditors, shareholders or bondholders. 

David Hunter an experienced Principal has been appointed to the board as executive director. 

For IR and media enquiries:
Janet Barnes
[e-mail]
 

End of Inside Information

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26-Feb-2024 GMT/BST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

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Language:	English
Company:	MBH Corporation Plc
	Saxon House, Saxon Way
	B37 5AY Birmingham
	United Kingdom
E-mail:	[e-mail]
Internet:	https://www.mbhcorporation.com/
ISIN:	GB00BPNYZL95
WKN:	A3ESUZ
Listed:	Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Munich, Stuttgart
EQS News ID:	1844505

End of Announcement	EQS News Service

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1844505  26-Feb-2024 GMT/BST