Sorted slump on plan to sell business for £1 and become cash shell

Sorted Group Holdings PLC (AIM:SORT) saw its share price halve to 10p after it unveiled plans to dispose of its main operating business for £1 and become an AIM cash shell, just two years after its arrival via reverse takeover.   The AIM-listed software group said it intends to sell Sorted Group Ltd for a nominal consideration, subject to shareholder approval later this month.