Mothercare (GB:MTC) has released an update.
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Mothercare PLC announced a temporary halt in the trading of its shares on AIM as it finalizes its full year audited results and refinancing plans, which are expected to significantly improve the company’s financial position. The suspension, effective from October 1, 2024, is anticipated to be brief, with trading resuming upon the release of the results, which are projected to align with prior forecasts. The company’s Middle Eastern operations continue to face challenges as previously reported.
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