Future uncertain for BR Shetty’s Finablr after shares suspended in London

  • Date: 16-Mar-2020
  • Source: Arabian Business
  • Sector:Financial Markets
  • Country:UAE
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Future uncertain for BR Shetty’s Finablr after shares suspended in London

Finablr, the owner of currency-exchange businesses including Travelex Holdings, said on Monday that the Financial Conduct Authority of London Stock Exchange has agreed to the temporary suspension of listing of its shares at the request of the company.. The board said it is unable accurately to assess the financial position of the company and there is a "material uncertainty" about the group's ability to continue as a going concern.. The board has also decided to establish a committee of its independent non-executive directors to carry out a comprehensive review of the company's liquidity and cashflow management functions, its financial and debt position..