Tasty plc (GB:TAST) has released an update.
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Tasty plc has renegotiated the terms of a £750,000 loan, allowing for the conversion of this debt into over 51 million new ordinary shares, subject to shareholder approval. Shareholders have been notified via a recently posted circular about a general meeting scheduled for 22 July 2024 to vote on the necessary resolutions. Failure to approve these resolutions could adversely impact the company’s financial stability and its ongoing restructuring plan.
For further insights into GB:TAST stock, check out TipRanks’ Stock Analysis page.
