Shareholders are referred to the First Cautionary Announcement issued on 3 April 2020 and the subsequent Further Cautionary Announcements wherein the Board of Directors of Madison Financial Services PLC (“the Board”) (“MFS” or “the Company” or “the Group”) informed the shareholders and the market that the Board and Management of MFS have a general mandate to explore and identify specific assets that would be earmarked and considered for disposal by the Company to raise capital to meet some of the Group’s liabilities.
The Board wishes to inform the shareholders and the market that the Company is still exploring and identifying assets that would be earmarked and considered for disposal.
Accordingly, shareholders are advised to continue exercising caution and to seek professional advice from a licensed investment adviser when dealing in the Company’s shares until a full announcement is made.
