Business
Transaction Terminated
Transaction Terminated.
About this update from Iconic Labs Plc
[{"type":"text","content":"\n\n \nIconic Labs PLC\n(\"Iconic\" or the \"Company\")\nTransaction Terminated\n \nOn 11 March 2024 the Company entered into a non-binding heads of terms with the owners of ITS Holdings 2023 Ltd (the \"Target\"), the holder of the entire issued share capital of In the Style Fashion Ltd, an online fashion retailer, in connection with the potential purchase of the entire issued share capital of the Target (\"Transaction\").\nThe Board wishes to announce that the Transaction, which would have constituted a reverse takeover under the UK Listing Rules, will not proceed to conclusion.\nThe Directors of Iconic are now assessing alternative transactions and will make an announcement in due course.\nThe Directors will now request that the Financial Conduct Authority the restoration of the Company's listing on the Official List and to trading on the Main Market of the London Stock Exchange.\nThis announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended). \n- ENDS -\nFor more information, please contact:\n\n\n\n\nIconic Labs\nJohn Farquharson, Interim Chief Executive Officer\n\n\nvia Yellow Jersey PR\n\n\n\n\nNovum Securities Limited\nDavid Coffman / Daniel Harris\n\n\nTel: +44 (0) 20 7399 9400\n \n\n\n\n\nYellow Jersey PR\nCharles Goodwin\nAnnabelle Wills\nBessie Elliot\n\n\nTel: +44 (0) 20 3004 9512\n \[email protected]\n\n\n\n\n \n\n","length":3370,"tagName":"div"}]