McColl’s is delaying full annual results reporting until it has found a refinancing resolution, which will not add any value for shareholders.
The convenience store group stated that a potential financing solution is under active discussion with its commercial partners and lenders, which should help create a stable platform for growth.
A trading update explained: “It should be noted that even if such a successful outcome is achieved it is increasingly likely to result in little or no value being attributed to the group’s ordinary shares.”
