Fandango Holdings PLC Heads of Terms Signed (8995E)
04 Marzo 2020 - 1:00AM
UK Regulatory
TIDMFHP
RNS Number : 8995E
Fandango Holdings PLC
04 March 2020
Fandango Holdings plc / Index: LSE / Epic: FHP / Sector:
Investment
4 March 2020
Fandango Holdings plc ('Fandango' or 'the Company')
Heads of Terms Signed
Fandango Holdings plc, the investment company focused on the
industrial and services sectors, is pleased to report that it has
executed non-binding Heads of Terms ('HoT') to acquire an oil well
services provider ('the Acquisition'). Further details will be
provided upon execution of a formal s ales and purchase
agreement.
The Acquisition is subject, inter alia, to the completion of due
diligence, documentation and compliance with all regulatory
requirements, including the Listing and Prospectus Rules and, as
required, the Takeover Code. The Acquisition, if it proceeds, will
constitute a Reverse Takeover under the Listing Rules since, inter
alia, in substance it will result in a fundamental change in the
business of the issuer.
As the Acquisition will constitute a Reverse Takeover under the
Listing Rules, the Company's ordinary shares shall remain suspended
pending the publication of a prospectus and the application for the
enlarged Company to have its Ordinary Shares admitted to the
Official List and to trading on the main market for listed
securities of the London Stock Exchange.
The Company is working on the preparation of a prospectus in
relation to the Acquisition and will, in due course, be making
application for the enlarged Company to have its Ordinary Shares
admitted to the Official List and to trading on the main market for
listed securities of the London Stock Exchange.
The Company will update shareholders as the matter
progresses.
ENDS
For further information visit www.fandangoholdingsplc.com or
contact:
Charles Tatnall Fandango Holdings plc E: ctatnall@btinternet.com
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END
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(END) Dow Jones Newswires
March 04, 2020 02:00 ET (07:00 GMT)
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