Business
Comarco Group Interim Results
Comarco Group Interim Results.
About this update from Everest Global Plc
[{"type":"text","content":"\n \nThe information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.\n\nAnglo African Agriculture plc\n\n(“AAA†or the “Companyâ€)\n\nComarco Group - Interim results for the six months ended 30 March 2019\n\nAs announced on 10 June 2019, AAA has signed conditional share purchase agreements to acquire the entire share capital of a number of companies within the Comarco group of companies that are based in Kenya and engaged in the port and marine logistics business (the “Proposed Acquisitionâ€). The announcement is available on the AAA website here. http://www.aaaplc.com/media/190610-AAA-RNS-Proposed-Acquisition-Final.pdf\n\nWhilst the Proposed Acquisition remains subject to a number of conditions, AAA intends to continue to inform shareholders and investors of developments in Comarco Group.\n\nThe Proposed Acquisition, if completed, would result in current AAA shareholders having a minority interest (expected to be less than 5%) in the Enlarged Group and would constitute a Reverse Takeover (\"RTO\") under the Listing Rules. AAA and Comarco Group are continuing to work towards the successful completion of the RTO and a Share Registration Document is in the process of being prepared.\n\nAs part of the process of ensuring transparency the unaudited interim results for the six months ended 31 March 2019 for Comarco Group are set out below.\n\nComarco Group\n\nComarco Group was established in 1971, in Mombasa, Kenya before expanding its range of activities and area of operations along the Eastern African seaboard and throughout the Indian Ocean. Comarco Group is a group of companies that consists of Consolidated Marine Contractors Limited (CMC); Comarco Properties (EPZ) Limited (CPL); Kenya Marine Contractors (EPZ) Limited (KMC); Touchwood Investments Limited (TIL) and Comarco Supply Base (EPZ) Limited (CSB).\n\nComarco Group owns a port and a vessel fleet located in a key strategic position for servicing East African, on and offshore, shipping and on shore demands. Kenya and in particular Mombasa is the key strategic hub for Eastern and Central Africa and the Comarco port is ideally positioned as a full service, harb...