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Iconic Labs PLC - London-based media and technology business - Says Financial Conduct Authority has lifted the suspension of the company’s shares on the London Stock Exchange.
Earlier this month, Iconic said all disputes involving the company, its former management and European High Growth Opportunities Securitization Fund were now resolved. It also signed a £3 million financing facility with European High Growth Opportunities Securitization Fund to pay for its short-term operational needs and its company voluntary arrangement requirements.
Chief Executive Brad Taylor says: ‘Iconic has been successfully restructured, we have financing in place, and the trading suspension has been lifted. The company is now working to formalise terms with the various parties that we have been speaking with over the last few months, but who understandably would not formalise discussions until the trading suspension was lifted.’
Current stock price: 0.013 pence
12-month change: up 34%
By Sophie Rose, Alliance News reporter
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