RNS Number : 0860X
Iconic Labs PLC
13 February 2025
 

 

Iconic Labs PLC

("Iconic" or the "Company")

Transaction Terminated

 

On 11 March 2024 the Company entered into a non-binding heads of terms with the owners of ITS Holdings 2023 Ltd (the "Target"), the holder of the entire issued share capital of In the Style Fashion Ltd, an online fashion retailer, in connection with the potential purchase of the entire issued share capital of the Target ("Transaction").

The Board wishes to announce that the Transaction, which would have constituted a reverse takeover under the UK Listing Rules, will not proceed to conclusion.

The Directors of Iconic are now assessing alternative transactions and will make an announcement in due course.

The Directors will now request that the Financial Conduct Authority the restoration of the Company's listing on the Official List and to trading on the Main Market of the London Stock Exchange.

This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended).   

- ENDS -

For more information, please contact:

Iconic Labs

John Farquharson, Interim Chief Executive Officer

via Yellow Jersey PR

Novum Securities Limited

David Coffman / Daniel Harris

Tel: +44 (0) 20 7399 9400

 

Yellow Jersey PR

Charles Goodwin

Annabelle Wills

Bessie Elliot

Tel: +44 (0) 20 3004 9512

 

iconic@yellowjerseypr.com

 

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