Mothercare shares rise 3.57% as CVA Is approved

Shares

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.

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