Fandango Holdings PLC Heads of Terms Signed (6107D)
22 Junio 2023 - 5:15AM
UK Regulatory
TIDMFHP
RNS Number : 6107D
Fandango Holdings PLC
22 June 2023
Fandango Holdings plc / Index: LSE / Epic: FHP / Sector:
Investment
22 June 2023
Fandango Holdings plc ('Fandango' or 'the Company')
Heads of Terms Signed
Fandango Holdings plc is pleased to report that it has executed
non-binding Heads of Terms ('HoT') to acquire European Battery
Metals Pty Ltd ('the Acquisition').
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.
Further details will be provided upon execution of a formal s
ales and purchase agreement.
The previously contemplated and announced transaction to acquire
Radair Limited has been terminated with immediate effect.
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
June 22, 2023 06:15 ET (10:15 GMT)
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