For immediate release

15 June 2023

Itsarm plc

Timetable regarding winding-up petition

Itsarm plc (AIM: ITS) ("Itsarm" or the "Company") announces the following timetable in respect of the Company's court hearing of the winding-up petition as announced by the Company on 9 June 2023, which will be heard on 26 July 2023.      

Timetable 

7.30 a.m. on 26 July 2023     Trading in ordinary shares of Itsarm plc suspended from trading, pending the outcome of the court hearing into the winding-up petition

10.30 a.m. on 26 July 2023      Court hearing of the winding-up petition at the Business and Property Courts of England and Wales, 7 Rolls Building, Fetter Lane, London EC4A 1NL

                                                If the court approves the winding-up petition and makes the winding-up order the Official Receiver of the Insolvency Service will be appointed to act as liquidator with immediate effect

7.00 a.m. on 27 July 2023     If the court approves the winding-up petition and makes the winding-up order, cancellation of the Company's ordinary shares from trading on AIM will become effective

In the event that the court does not make the winding-up order on 26 July 2023, cancellation will not take place on 27 July 2023 and the Company would make a further update at that time, as appropriate.

Enquiries:

Itsarm plc                                                                                 via Hudson Sandler

Jim Sharp, Director

Richard Monaghan, Director

Hudson Sandler                                                                       +44 (0)20 7796 4133

Alex Brennan                                                                             itsarmplc@hudsonsandler.com

Ben Wilson

Liberum Capital Limited (Nomad and Broker)                           +44 (0)20 3100 2000

Clayton Bush

Scott Mathieson

Miquela Bezuidenhoudt