Winding-Up Petition

Hellenic Dynamics PLC

26 November 2024

 

26 November 2024

Hellenic Dynamics plc

("Hellenic Dynamics" or the "Company")

Winding-Up Petition

Hellenic Dynamics plc (LSE: HELD), a medical cannabis cultivator focused on producing medical cannabis flowers for global markets announces that on 1 November 2024 a petition for the compulsory liquidation of the Company was filed by a shareholder. The sum claimed in the petition as at the date of the petition is a total of £32,274.26. The petition is due to be heard in the High Court on 18 December 2024. It is the belief of the directors of the Company that this petition amounts to an abuse of the process of the High Court due to the fact that the petitioner is not a creditor of the Company and as such, the Company will be making an application to the High Court for the petition to be dismissed.

This announcement contains inside information for the purposes of article 7 of the Market Abuse Regulation (EU) 596/2014 as amended by regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310. With the publication of this announcement, this information is now considered to be in the public domain.

The Directors of the Company take responsibility for this announcement.

Enquires:

Hellenic Dynamics Plc Davinder Rai	[phone] [e-mail]
Cairn Financial Advisers LLP Emily Staples / Jo Turner	[phone]
Peterhouse Capital - Brokers Lucy Williams / Charles Goodfellow	[phone]

 

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