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IN BRIEF: Quiz subsidiary ruled to have entered timely insolvency

8th Jul 2021 22:07

Quiz PLC - Glasgow-based clothing company - Spanish court rules the company's subsidiary Kast Spain entered insolvency in 2020 in a timely matter and as such will not have to make payments to creditors.

The court also rules that former sole director of Kast Spain, Sheraz Ramzan, will be unable to act as a director in Spain for 2 years for his role in the insolvency. Ramzan is chief commercial officer of Quiz.

Quiz is considering an appeal of the decision.

Current stock price: 9.70 pence

Year-to-date change: up 36%

By Aidan Lane; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


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