Business
Proposed Cowes Chiropractic Acquisition Update
Beacon Rise Holdings Plc has terminated discussions regarding the proposed acquisition of Lyfe Health Isle of Wight Limited, trading as Cowes Chiropractic, for approximately £0.5 million, concluding it would not be in shareholder interests after due diligence. The company continues to progress due diligence on three other proposed acquisitions, and its ordinary shares remain suspended from listing and trading on the London Stock Exchange as these are classified as initial transactions. There is no certainty that any of the proposed acquisitions will complete, and if they do not, the suspension is expected to be lifted. Disclaimer*
About this update from Beacon Rise Holdings Plc
[{"type":"text","content":"\n\nThe information contained within this announcement was deemed by the Company to constitute inside information as stipulated under the UK Market Abuse Regulation\n \n2 February 2026\n \nBeacon Rise Holdings Plc\n(\"Beacon Rise\" or the \"Company\")\n \nUpdate in relation to the Proposed Cowes Chiropractic Acquisition\n \nOn 4 November 2025 Beacon Rise (LSE: BRS) announced that it had entered non-binding heads of terms save for exclusivity, due diligence costs and other customary terms in relation to the proposed acquisition of the entire issued and to be issued share capital of Lyfe Health Isle of Wight Limited (\"Lyfe Health\") (trading as Cowes Chiropractic) by the Company for a consideration of approximately £0.5 million (the \"Proposed Cowes Chiropractic Acquisition\").\n \nFollowing the review of commercial and financial due diligence materials in connection with the Proposed Cowes Chiropractic Acquisition, the board of directors of Beacon Rise (the \"Board\" or the \"Directors\") have concluded that it would not be in the best interest of the Company's shareholders to pursue the Proposed Cowes Chiropractic Acquisition. Accordingly, the Board has terminated discussions in relation to the Proposed Cowes Chiropractic Acquisition with immediate effect.\n \nThe Company continues to progress due diligence in relation to the three other previously announced proposed acquisitions.\n \nTemporary suspension of listing and trading of Ordinary Shares\n \nThe Proposed Ergotec Acquisition, the Proposed Chiropractor Acquisition and the Proposed Training-provider Acquisition (together the \"Proposed Acquisitions\") are respectively classified as an \"initial transaction\" under UK Listing Rules (\"UKLR\") 13.4. In accordance with UKLR 21.1.4 and 21.3, the Company ordinary shares of £1.00 each (ISIN: GB00BMC0V753) will remain suspended from its listing on the equity shares (shell companies) category of the Official List of the FCA and from trading on the Main Market of the London Stock Exchange.\n \nShould final terms for any of the proposed acquisitions be agreed, the Company will issue an announcement with further details pursuant to UKLR 13.4.22R and UKLR 13.4.23R.\n \nThere can be no certainty that the Proposed Acquisitions will successfully complete, nor as to the final terms or tim...