Business
Company Update - Potential Acquisition
Company Update - Potential Acquisition.
About this update from Neo Energy Metals Plc
[{"type":"text","content":"\n \nRNS Number : 0090V Stranger Holdings PLC 03 April 2019 \n\nStranger Holdings plc / Index: LSE / Epic: STHP / Sector: investment\n3 April 2019\nStranger Holdings plc ('Stranger' or the 'Company')\nPotential Acquisition\n \nStranger Holdings plc, the London listed investment company, is pleased to announce that it has signed a non-binding Heads of Terms to acquire the entire issued share capital of The Airedale House Group of Companies ('Airedale') for new shares in the Company (the 'Acquisition'). The Acquisition, if completed, would result in Stranger shareholders having a minority interest in the enlarged group (the 'Group').\n \nAiredale operates within the health and wellbeing sectors and encompasses four revenue generative trading companies. \n \nThe 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.\n \nThe 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.\n \nThe 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.\n \nFurther to the announcement dated 19 March 2019, the Company has terminated the potential transaction with Alchemy Utilities Limited.\n \n* * ENDS * *\n \nFor further information please contact the following: \n\n\n\n\n \nStranger Holdings plc\n\n\n\n\nJames Longley\n\n\nStranger Holdings plc\n\n\[email protected]\n\n\n\n\nFinancial PR\n\n\n\n\nIsabel de Salis / Cosima Akerman\n\n\nSt Brides Partners Ltd\n\n\nTel: +44 (0) 20 7236 1177 \n\n\n\n\n \n\nThis information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply...