Totally PLC has announced its intention to appoint administrators and has suspended trading in its shares on AIM with immediate effect.
Further to the announcements made on 1 May and 23 May 2025, the Company announces that the Strategic Review being conducted has not produced any solvent offers for Totally, being the parent company of the Totally group of companies (the “Group”), despite a concerted effort by the Company supported by Ernst & Young (“EY”). For the avoidance of doubt, this announcement relates only to Totally Plc, and all businesses within the Group will continue to serve patients as normal. A further announcement will be made in relation to the sale processes for these entities in due course.
The Board of Totally has resolved to file a notice of intention to appoint Tim Vance and Sam Woodward as Joint Administrators of Totally Plc today. The Directors are taking this action to protect the interests of the Totally Plc’s creditors.
In light of the above, the Board announces that it has requested a suspension of trading in the Company’s ordinary shares on AIM with immediate effect.
This announcement relates solely to the intention to appoint an administrator over the parent company, Totally Plc, and not to any of the trading subsidiaries within the Group.
Resignation of Nominated Adviser and Broker
As a result of the Company’s intention to appoint Administrators, Canaccord Genuity Limited has informed the Company of its resignation as Nominated Adviser and Broker to the Company with immediate effect. Pursuant to AIM Rule 1, if a replacement Nominated Adviser is not appointed within one month from the resignation of the current Nominated Adviser, the admission of the Company’s shares to trading on AIM will be cancelled. The Company has no current intention of appointing a replacement Nominated Adviser.
For further information please contact:
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Totally plc Simon Stilwell, Chair Prasad Godbole, Chief Executive Officer (Interim)
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020 3866 3330 |
