Mothercare shares rise 3.23% following CVA amendment

Finance

Mothercare shares rose 3.23% on Monday to 32.0p as it was revealed creditors rejected the CVA plan for its subsidiary Children’s World as part of a wider restructuring.

Ahead of its formal CVA filing with the High Court on Monday, Mothercare revealed the plan for Children’s World only achieved 73.3% approval from creditors, just short of the necessary 75%. 

This is premium content

You must be logged in to view premium stories.

Gated access promo

Subscribe for full access

Take out a print and online or online only subscription and you will get immediate access to:

  • Breaking industry news as it happens
  • Expert analysis and comment from industry leaders
  • Unlimited access to all stories, including premium content
  • Full access to all our online archive

To get access to premium content subscribe today

Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts

If you are already a registered user or a subscriber you can SIGN IN now