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IN BRIEF: GRIT Investment completes CVA with more favourable outcome

25th May 2023 19:54

GRIT Investment Trust PLC - invests in small and mid-capitalisation natural resources and mining companies - Announces the company voluntary arrangement approved by creditors on December 21 2020 was successfully completed last week Thursday. Notes CVA creditors received a total of 83.06 pence in the GBP1, which favourably compares to the 20p in the GBP1 in the original CVA proposals approved by creditors. Board says now looking forward to the future, free from its historic debts and will continue to seek new opportunities for the company.

Current stock price: 1.60 pence, down 9.9% in London on Thursday

12-month change: down 86%

By Jeremy Cutler, Alliance News reporter

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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