Disposal of Subsidiary: The GP Service Limited
Kanabo Group plc, currently in administration, has completed the disposal of its entire issued share capital in subsidiary The GP Service Limited to Green UK Wholesale Ltd. The consideration for this transaction has been fully paid, with specific terms remaining confidential. Following this sale, the Joint Administrators are now evaluating strategic options for the remaining company structure, aiming to explore pathways for exiting administration as a going concern and potentially lifting the suspension of trading in the company's shares.
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The Joint Administrators of Kanabo Group plc (the "Company") announce that on 9 December 2025, the disposal of the Company's entire issued share capital in The GP Service Limited ("GPS") was completed. The subsidiary has been acquired by Green UK Wholesale Ltd (the "Buyer").
The consideration for the transaction has been paid in full on completion. The specific terms remain confidential to protect the commercial interests of the operating business.
Following this disposal, the Joint Administrators are now focused on the Company's remaining structure. The Joint Administrators are currently working closely with the Company's Directors to evaluate strategic options for the future of the Company.
The objective of this review is to explore potential pathways that may allow the Company to exit administration as a going concern and to facilitate a potential lifting of the suspension of trading in the Company's shares.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.