Mirriad Advertising plcLSE: MIRI

Mirriad Advertising: Administration Update and Cancellation

· Issued by Mirriad Advertising plc via RNS

Summary by 6ix AI

Mirriad Advertising plc, which is in administration (an insolvency process run by joint administrators), said discussions with a third party about a possible investment in the company have terminated. Admission of its ordinary shares to trading on AIM, a London Stock Exchange market for smaller companies, will be cancelled from 7.00 a.m. on October 30, 2026.

Key details

  • On September 30, 2026, the company, acting by its joint administrators, announced it was in discussions with a third party about a possible investment in the company.
  • The joint administrators are now in discussions with other parties that previously expressed interest in buying the company's intellectual property.
  • Trading in the shares on AIM has been suspended since April 27, 2026; under AIM rules, admission to trading may be cancelled after a six-month suspension.
  • After the cancellation, there will be no market facility for dealing in the shares and no price will be publicly quoted.

What’s still pending

  • It is not yet known what price may be achieved for the intellectual property, or what effect any sale would have on the company's solvency.
  • There is no guarantee that a sale of the intellectual property will complete at all.
  • Shareholders are warned there is a risk of no return to them from the administration.

6ix AI wrote this summary from the release below and checked it against the release.

On 6ix: 6ix.com/news/administration-update-and-cancellation

Watch Mirriad Advertising's latest callMirriad Advertising (LSE:MIRI) — Interim Results · Replay · Sep 26, 2024Read the transcript of Mirriad Advertising (LSE:MIRI) — Interim Results
Mirriad Advertising PLC
28 October 2026
 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company’s obligations under Article 17 of MAR. Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

28 October 2026

Mirriad Advertising plc (in administration)

("Mirriad plc" or the "Company" and together with its subsidiaries, the "Group")

Termination of discussions, administration update and cancellation of admission to trading on AIM

Termination of discussions

On 30 September 2026, the Company announced that it, acting by its joint administrators (the "Joint Administrators"), was in discussions with a third party regarding the terms of a possible investment in the Company. Regrettably, the Company announces that these discussions have now terminated.

Administration update

The Joint Administrators are now in discussions with other parties which previously expressed an interest in acquiring the Company’s intellectual property (the "IP", and any such sale of the IP, the "IP Sale").

It is not yet known what consideration may be achieved for the IP, nor what impact any IP Sale will have on the solvency of the Company. There can be no guarantee that an IP Sale will complete at all and shareholders should be aware that there is a risk that there may be no return to shareholders from the administration.

Cancellation of admission to trading on AIM

Trading in the Company’s ordinary shares on AIM has been suspended since 27 April 2026. Pursuant to Rule 41 of the AIM Rules for Companies, admission of a Company’s securities to trading on AIM may be cancelled where the securities have been suspended for a period of six months. As a result, the admission of the Company’s ordinary shares to trading on AIM will be cancelled with effect from 7.00 a.m. on 30 October 2026 (the "Cancellation"),

Following the Cancellation, there will be no market facility for dealing in the Company’s ordinary shares and no price will be publicly quoted for them. Shareholders wishing to receive updates on the administration following the Cancellation should contact the Joint Administrators at [email protected].

ENDS

For further information please visit www.mirriad.com or contact:

Joint Administrators

Philip Reynolds / Robert Ferne

[email protected]

Mirriad Advertising plc

Louis Wakefield, Chief Executive

James Black, Chairman

c/o Allenby

Allenby Capital Limited (Nominated Adviser and Broker)

James Reeve (Corporate Finance)

Matt Butlin / Lauren Wright (Sales and Corporate Broking)

Tel: +44 (0)20 3328 5656

Citypress (PR)

Ricky Ambury

[email protected]

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