Iconic Labs PLC EHGOF withdraws its claims (7238V)
April 16 2021 - 4:03AM
UK Regulatory
TIDMICON
RNS Number : 7238V
Iconic Labs PLC
16 April 2021
16 April 2021
Iconic Labs Plc ("Iconic Labs" or the "Company")
European High Growth Opportunities Securitization Fund ("EHGOF")
withdraws its claims
Iconic Labs Plc (LSE:ICON), a multidivisional new media and
technology business announces that following the settlement
agreement with EHGOF and various conditions having been fulfilled
(including the termination of the employment and/or offices held
(as applicable) of Sarah Dees and Stephen Birrell, the termination
of the consultancy agreement with James Parsons, and the
appointment of Brad Taylor as chief executive officer of the
Company) an order has been applied for staying the proceedings
against the Company.
The Company is also pleased to confirm that EHGOF has indicated
its willingness to enter into discussions regarding a finance
facility of up to GBP50 million to support the Company's growth
plans.
Brad Taylor, CEO, Iconic Labs said, "We are excited about our
ambitious acquisition and growth plans and look forward to
discussing these plans further with EHGOF."
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by
the Company to constitute inside information for the purposes of
the Market Abuse Regulation (EU) No. 596/2014. Upon the publication
of this announcement via a Regulatory Information Service, this
inside information is now considered to be in the public
domain.
**ENDS**
For further information, please visit the Company's website
www.iconiclabs.co.uk or contact:
Iconic Labs ir@iconiclabs.co.uk
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END
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April 16, 2021 04:03 ET (08:03 GMT)
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