11th Oct 2022 12:23
Ince Group PLC - London-based law and professional services firm - Implements annual cost savings of GBP4.0 million, first announced in July, as well as an additional GBP1.0 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 GBP2.2 million. Says it has now reduced its annual run rate cost base by at least GBP7.2 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%
By Sophie Rose; [email protected]
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