AIM-listed Totally to appoint administrators

(Sharecast News) - AIM-listed healthcare services provider Totally said on Friday that it was planning to appoint administrators after a strategic review failed to produce any solvent offers for the group. "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," it said, adding that a further announcement will be made about the sale processes for these entities in due course.

Totally said its board has resolved to file a notice of intention to appoint Tim Vance and Sam Woodward as joint administrators.

"The directors are taking this action to protect the interests of the Totally Plc's creditors," it said.

As a result, the board has also requested a trading suspension for the ordinary shares on AIM with immediate effect.