Back to previous section

Bidstack suspends trading, appoints administrators after failed sale process

Bidstack, the struggling in-game advertising group, was forced to temporarily suspend its shares from trading on AIM on Monday after announcing administrators have been appointed following a failed sale process.

  • Bidstack Group
  • 11 March 2024 10:58:45

Source: Sharecast

The company said it was suspending its shares "pending clarification of the company's financial position".

Bidstack, whose share price has dropped 61% since the start of 2024, 88% over the past year and 98% over the past five years, had been exploring a number of "funding alternatives" as part of a strategic review, which included a potential sale of its assets.

However, discussions failed to produce any "tangible solvent offers", despite consultants Alvarez & Marsal Europe LLP having approached "upwards of 200 potential buyers".

Meanwhile, there has also been no further progress with Irdeto, the strategic investor which it sought a £2.4m loan from last October that failed to materialise.

"Regrettably therefore, the board of Bidstack has resolved to file a notice of intention to appoint managing directors from Alvarez & Marsal Europe LLP as administrators to the company today," Bidstack said in a statement.

"The directors are taking this action to protect the interests of the group's creditors."

N/A

Isin: N/A
Exchange: N/A
Sell:
N/A
Buy:
N/A
Change:
Date:
Prices delayed by at least 15 minutes
Chart not available

Compare our accounts

If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.

View our accounts

Lloyds Bank is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.

Important legal information

Lloyds and Lloyds Bank are trading names of Halifax Share Dealing Limited. The Lloyds Bank Direct Investments Service is operated by Halifax Share Dealing Limited. Registered Office: Trinity Road, Halifax, West Yorkshire, HX1 2RG. Registered in England and Wales no. 3195646. Halifax Share Dealing Limited is authorised and regulated by the Financial Conduct Authority, 12 Endeavour Square, London, E20 1JN under registration number 183332. A Member of the London Stock Exchange and an HM Revenue & Customs Approved ISA Manager.

Logo Allfunds

The information contained within this website is provided by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd unless otherwise stated. The information is not intended to be advice or a recommendation to buy, sell or hold any of the shares, companies or investment vehicles mentioned, nor is it information meant to be a research recommendation. This is a solution powered by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd incorporating their prices, data news, charts, fundamentals and investor tools on this site. Terms and conditions apply. Prices and trades are provided by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd and are delayed by at least 15 minutes.

FE fundinfo Logo

Data provided by FE fundinfo. Care has been taken to ensure that the information is correct, but FE fundinfo neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.

Refinitiv Logo

© 2025 Refinitiv, an LSEG business. All rights reserved.