Finance

Mothercare shares rise 3.23% following CVA amendment

By 2018-06-05T07:28:00

Finance

Source: freeimages.com

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%. 

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