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On 13 March 2026, PipeHawk plc announced that the board of directors of its subsidiary, Adien Ltd, concluded Adien was insolvent. Adien's board decided to convene a general meeting of Adien shareholders to pass a special resolution to wind up Adien, instructing BTG Begbies Traynor (Central) LLP for this purpose. Adien formally ceased trading operations on 9 March 2026.
| Date | 13 Mar 2026 |
| Time | 17:33:43 |
| Category | Miscellaneous |
| ID | 6601W |
13 March 2026
PipeHawk plc
("PipeHawk", the "Company" or the "Group")
Update in relation to Adien Ltd
Further to the Company's announcement on 9 March 2026, PipeHawk provides the following update in respect of Adien Ltd ("Adien"), a subsidiary of PipeHawk.
The Group was informed today that the board of directors of Adien has concluded that Adien was insolvent and that a general meeting of the shareholders of Adien should be convened for the purposes of passing a special resolution to wind up Adien, with an accompanying decision procedure to creditors of Adien on the nomination of a liquidator. The directors of Adien have elected to instruct BTG Begbies Traynor (Central) LLP ("BTG") for this purpose. The formal appointment of liquidators will take place in the coming weeks. Adien formally ceased trading operations on 9 March 2026.
-Ends-
Enquiries:
|
PipeHawk plc Gordon Watt (Chairman)
|
Tel. No. 01252 338 959 |
|
Allenby Capital Limited (Nomad and Broker) |
Tel. No. 020 3328 5656 |
David Hart / Vivek Bhardwaj
For further information on the Company and its subsidiaries, please visit: www.pipehawk.com