Totally Plc Enters Administration, Directors Resign
Why we think this is neutral
This RNS announcement does not contain any of the mandatory news types specified, such as contract news, order news, trading update, or annual results. It appears to be a general corporate update regarding the company entering administration and the resignation of directors. Without any specific financial or operational details, the sentiment is neutral.
Key Points
- Totally plc parent company enters administration
- Directors of Totally plc have resigned
- Group's subsidiaries sold to PHL Group, which will continue services
Summary
Totally plc, the healthcare services provider, has announced that the Board has appointed Tim Vance and Sam Woodward as Joint Administrators of the parent company, following which the directors have resigned. The Group's Elective Care, Corporate Wellbeing, and Urgent Care divisions have been sold to PHL Group, which will continue to provide all services previously delivered by Totally. No further details on the financial impact or any potential returns to shareholders have been provided.