Notice of intention to appoint Administrators
Trellus Health plc has announced its intention to appoint administrators due to insufficient funds to continue trading as a going concern, with Paul Zalkin and Tom Parish of Quantuma Advisory Ltd nominated. The company is also actively seeking a buyer for certain assets, including its US subsidiary Trellus Health Inc., with no expectation of returns for shareholders should a sale be successful. The ordinary shares of Trellus Health have remained suspended from trading on AIM since May 8, 2026.
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Trellus Health plc (AIM: TRLS), a healthcare company delivering Trellus Elevate®, a digital platform that integrates data analytics with personalised, scientifically proven resilience programmes and value-based solutions to manage complex chronic conditions, announces that further to the notification of 12 August 2026, the Board of Trellus Health has concluded that the Company has insufficient funds to continue trading as a going concern. The Board has therefore filed a notice of intention to appoint Paul Zalkin and Tom Parish of Quantuma Advisory Ltd as administrators of the Company.
The Board has resolved to take this action to protect the interests of creditors. Unless circumstances change, and in accordance with statutory requirements, the Board intends to appoint administrators within 5 business days.
The Board is also continuing, in conjunction with its corporate restructuring advisers, with its previously notified efforts to seek a buyer for certain of the Company's assets including the shares in Trellus Health Inc., the Company's US operating subsidiary. The Board expects, should any sale be successfully concluded, that there will be no returns to the Company's shareholders.
The Company's ordinary shares remain suspended from trading on AIM effective 8 May 2026. Further announcements will be made as appropriate.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.