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Ince Group PLC - London-based law and professional services firm - Implements annual cost savings of £4.0 million, first announced in July, as well as an additional £1.0 million. Says this includes the recent agreement of a short term lease, lasting until April 2024, for a single floor office space at the company's headquarters at Aldgate Tower.
Adds that the cost savings are incremental to previously announced annual cost savings of £2.2 million. Says it has now reduced its annual run rate cost base by at least £7.2 million in total.
Chief Executive Donald Brown says: ‘This is another important step on our journey to rationalising the cost base of the group to fit its true needs.’
Current stock price: 5.20 pence, up 4.0% in London on Tuesday
12-month change: down 91%
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