Business
Update: proposed acquisition of Fiinu Holdings Ltd
Update: proposed acquisition of Fiinu Holdings Ltd.
About this update from Fiinu Plc
[{"type":"text","content":"\n \n \n This announcement is for information purposes only and does not constitute or contain any invitation, solicitation, recommendation, offer or advice to any person to subscribe for, otherwise acquire or dispose of any securities in Immediate Acquisition Plc or any other entity in any jurisdiction. Neither this announcement nor the fact of its distribution shall form the basis of, or be relied on in connection with, any investment decision in Immediate Acquisition Plc.\n \n \n \n \n \n The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014 which forms part of English law by virtue of the European Union (Withdrawal) Act 2018, as amended. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.\n \n \n \n \n \n \n \n \n 15 June 2022\n \n \n \n \n \n \n \n \n \n Immediate Acquisition Plc\n \n \n \n (\"IME\" or \"the Group\" or \"the Company\")\n \n \n \n \n \n \n \n \n Update on the proposed acquisition of Fiinu Holdings Ltd\n \n \n \n \n \n \n The Directors of Immediate Acquisition Plc (AIM: IME) are pleased to announce that, further to the close of the accelerated bookbuild (\"ABB\") and temporary suspension of trading announcement earlier today, the Company has now entered into the Sale and Purchase Agreements for the proposed acquisition of Fiinu Holdings Ltd (\"Proposed Acquisition\"), which constitutes a reverse takeover under the AIM Rules. In addition it has entered into the Placing and Loan Facility Agreement together with the Relationship and Lock in Agreements. Details of all these agreements will be included in the Admission Document, together with a Notice of a General Meeting which is to be convened to approve, inter alia, the Proposed Acquisition, the Rule 9 waiver of the City Code on Takeovers and Mergers, the Placing and the proposed change of name.\n \n \n \n Loan Facility Agreement\n \n \n \n The Company has entered into a £2.49 million loan facility agreement (the \"Loan Facility\") with Dewscope Limited, a company controlled by Mark Horrocks, a non-executive director of the Company. The Loan Facility is for two years, unsecured and will attract interest at...