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TPXimpact – having admitted it’s ‘engaged with its bankers’ as debt covenants breach looms, now management LTIP and retention awards (natch)!
I wrote on TPXimpact (TPX) at the end of last month; I having stated ‘good luck’ on even its previously-downgraded outlook, now another trading warning (and worse!). That “worse” was it having to ‘actively engage with its bankers’ with it “unlikely to satisfy its debt covenants at 31 March 2023” and I concluded that despite a slump to a below 30p share price still avoid / sell. The shares last closed at 24.25p and now… a “LTIP, PDMR Dealings & Retention Award”-titled announcement!
- By Steve Moore
- 2023-02-16 16:29:49