Amala Foods PLC Statement re Corporate Update (9924C)
28 Febrero 2022 - 1:00AM
UK Regulatory
TIDMDISH
RNS Number : 9924C
Amala Foods PLC
28 February 2022
Amala Foods Plc
( " Amala " or the " Company")
Re: Corporate Update
Amala Foods Plc (LON: DISH), a food technology company, is
pleased to announce that following the announcement of 17 February
2022 that due diligence is now progressing in relation to the Rare
Earths Elements potential transaction and a further market update
will follow in due course.
The Company announced on several occasions the intention for the
venture builder business to be spun out into a separate listing.
This tech nology business is effectively housed within the Company
and has continued to develop positively over recent months. As a
consequence of this, discussions have recently taken place with
third - party investors to provide additional funding into a new
company which will seek an Aquis listing by the summer of 2022 and
where it is anticipated that a GBP3 million market capitalization
upon Admission will be achieved. Should this ultimately conclude ,
Amala Foods Plc will be the majority shareholder in this new
company and if successful, the Company intends to distribute its
shareholding to current shareholders.
Furthermore, should the Company successfully conclude a
transaction with Terra Rara UK Limited as announced last week then
the Company would seek to create value from its stake in the
plant-based foods joint venture company. The Company announced last
week that it was preparing to supply a second local pizza chain
which has progressed to receiving an initial order for plant-based
pepperoni.
Aidan Bishop, Director, commented:
"Our optimism for a rebirth of Amala Foods Plc contin u es to
grow by the day and it is reassuring that we have numerous levers
to pull in regards to creating value for shareholders that has the
potential to reflective value beyond the current market
capitalisation"
Enquiries:
Jonathan Morley-Kirk, Non-Executive Chairman
jmk@bigdish.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
STRFIFEEFAITFIF
(END) Dow Jones Newswires
February 28, 2022 02:00 ET (07:00 GMT)
Amala Foods (LSE:DISH)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Amala Foods (LSE:DISH)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024