IN BRIEF: Sorted becomes cash shell as shareholders approve disposal

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Sorted Group Holdings PLC - Manchester-based shipments and delivery monitoring software - Shareholders on Monday vote to approve the company’s agreement to sell its Sorted Group Ltd operating unit to Brislington Holdco Ltd for a nominal sum. However, a proposal to change the company’s name to SHG PLC is withdrawn due to ‘unforeseen technical difficulties’. Following the disposal of its only operating business, Sorted Group Holdings becomes an AIM cash shell. It now has six months to complete a reverse takeover before being delisted. ‘The company will continue to evaluate appropriate opportunities in the sectors the board considers appropriate,’ it says on Monday.

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