Finance

Mothercare shares rise 3.57% as CVA Is approved

By 2018-06-04T07:23:00

Shares

Source: Shutterstock/Vectorfusionart

Mothercare shares rose 3.57% on Friday to 31.90p as creditors approved the retailer’s company voluntary arrangement (CVA) plan which will see up to 50 stores close.

In addition to the closures, creditors have approved fundraising plans with the company expected to issue £28m worth of shares at 19p each.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Try Property Week For Free to finish this article.

Sign up now for the following benefits:

  • Unlimited access to Property Week
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article TRY FOR FREE NOW

Don’t want full access? REGISTER NOW to read this article and up to 3 more this month and subscribe to our newsletters.

Registered users and subscribers SIGN IN here to continue