DBAY Advisors Limited issues an update on proposal

  • Dec 02, 2019 GMT
  • Team Kalkine
 
  • The company has acquired a greater number of shares in Eddie Stobart Logistics Plc, taking its cumulative holdings to 29.9%
  • DBAY has worked incessantly over the past few months to develop a robust plan for the business, which would ensure its stability going forward and result in increased equity value to the benefit of all shareholders.
  • Eddie Stobart Logistics Plc will remain listed in order that existing shareholders can participate in the future equity growth
  • With the new funding in place to stabilise the business, the target company can sustain itself once again.

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