Yesterday Iconic (ICON) published its full year results to 30 June 2026 they showed a loss of £619,333. Net liabilities were £3,962,268 with cash of £35,738. Most of the liabilities related to promissory notes of £1,050,488 and convertible loan notes of £2,026,000.
In recent years Iconic (ICON) has spent the majority of time with its shares suspended. On Tuesday trading was resumed after it had been suspended since 29 February 2024 when speculation about now failed RTO led to it’s suspension.
Yesterday Iconic (ICON) released two RNS announcements after trading hours at 5.26 and 6.41 pm. No one is watching O'Clock releases are rarely good news...
Iconic’s (ICON) worthless shares have been suspended since 29 February 2024 and mug punters who have had their cash locked up for almost a year now face the grim news that its RTO is off as shown in the RNS issued below:
Iconic (ICON) shares were suspended from trading on 29 February 2024. It announced that it had signed non binding heads of terms with ITS Holdings 2023 Limited which had acquired the In The Style fashion company on 27 March 2023 from the previous listed owned when it was run by Adam Frisby. Adam no longer has any connection with the company.
Iconic (ICON) shares are currently in suspension as shareholders await an update on the potential Reverse Takeover Over of ITS Holdings 2023 Ltd which it entered into non-binding heads of terms on 11 March 2024. ITS Holdings is the holder of the entire issued share capital of In the Style Fashion Ltd, an online fashion retailer.
Iconic (ICON) released its interim results which show a profit of £270,131 because of write back of creditors of £739,133. Administrative costs for a company with no operational business remained high at £274,466. Though this is a kosher accounting profit it is not a profit in the sense of generating cash. Au contraire.
Iconic (ICON) shares which were suspended on 29 February 2023 has announced that it has “entered into non-binding heads of terms with the owners of ITS Holdings 2023 Ltd, the holder of the entire issued share capital of In the Style Fashion Ltd, an online fashion retailer, in connection with the potential purchase of the entire issued share capital of the Target. The proposed transaction is, inter alia, conditional on the completion of legal and financial due diligence on the Target. If the name in The Style sounds familiar…
Yesterday the share price of Iconic labs (ICON) surged by almost 100% at one point. Of course there is never any insider dealing in the City of London where the streets are paved with gold and where everybody is a scholar and a gentleman. Today the shares have been suspended as the FCA forced the company to ‘fess that it was in early stage talks about an RTO. Now do the maths.
Iconic (ICON) successfully passed all its AGM resolutions on 13 February and in each case over 90% of votes were cast in favour of the resolutions but under a third of shareholders bothered to vote.
Iconic (ICON) may have recently announced a change of Board and Strategy but the share dumping by European High Growth Opportunities Securitization Fund (EHGOF) continues and in yesterday’s RNS Iconic announced the following:
On 19 January, Iconic (ICON) announced that at its forthcoming AGM on 13 February, it plans to reorganise each of its £0.1 nominal shares into a new ordinary share of £0.0001 and a worthless deferred ordinary share of £0.0999.
Brad Taylor, the Chief Executive Officer of Iconic (ICON) has announced a change of Board of Directors with 3 former Directors leaving and 2 new ones joining. He also announced a change of strategy as follows:
Since I last wrote about Iconic (ICON) it has had a further two convertible loan note conversions, one from Toxic Dave Sefton’s Linton Capital and one from European High Growth Opportunities Securitization Fund. Iconic now has 10.3 million shares in issue up from 4.7 million that remained after its 10,000 for 1 share consolidation on 25 August 2023.
In Friday’s RNS Toxic Dave Sefton’s Linton Capital announced it had converted a further £10,000 of convertible loan note into Iconic (ICON) shares on 16 November, a week after his first conversion on 9 November.
In today’s RNS, Iconic (ICON) announced that it was notified that Linton Capital LLP which is owned by Toxic Dave Sefton who caused so much historic damage to Iconic shareholders converted £5,000 of his £750,000 convertible loans notes into 108,849 ordinary shares an effective conversion price of 4.6 pence per share versus the current ask price of 6.0 pence. The conversion didn’t raise any cash for Iconic it just reduced its convertible loan note liability.
