Tertre Rouge Assets PLC (GB:TRA) has released an update.
Tertre Rouge Assets PLC has called off its planned acquisition of The Run To Group Limited and associated assets due to the inability to secure necessary funding amid challenging market conditions. The company has also announced its intention to voluntarily delist from the London Stock Exchange as a strategic move to cut costs and lessen administrative burdens, with the delisting to take effect on 13 August 2024. Shareholders have been assured of the company’s continued pursuit of alternative options post-delist.
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