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VVV Sports Limited: Proposed Acquisition of R...
VVV Sports Limited is convening a General Meeting on December 29, 2025, to approve the proposed acquisition of R3 Sport Limited via a share exchange, with the consideration shares valued at £3 million to £7.54 million based on an independent valuation. This acquisition aligns with VVV's strategy to invest in fast-growing sports like Padel and pickleball, positioning it as a pure-play sports investment vehicle. Additionally, Campana intends to exercise warrants, injecting £1.2 million into the company for working capital, and the company is proposing the appointment of two new directors. Disclaimer*
About this update from Vvv Sports Limited
[{"type":"text","content":"\n \n \n \n\n\t\n\n\n\n\n\n\n\n\n\n\n\nVVV Sports Limited (VVV)\n\n\n\n\n\n\nVVV Sports Limited: Proposed Acquisition of R3 Sport Limited – Notice of General Meeting 11-Dec-2025 / 07:00 GMT/BST\n\n\n11 December 2025 \n\n \n\nVVV Sports Limited \n\n(“VVV” or the “Company”)\n\nProposed Acquisition of R3 Sport Limited – Notice of General Meeting\n\nVVV Sports Limited, a company incorporated in the British Virgin Islands with its ordinary shares admitted to trading on the Aquis Stock Exchange Growth Market (under the ticker VVV), is pleased to announce that the Company is today posting a circular to Shareholders (the “Circular”) convening a General Meeting of the Company for 10.00 a.m. on 29 December 2025.\n\nAt the General Meeting, resolutions will be proposed to approve, amongst other things, the proposed acquisition by the Company of R3 Sport Limited, previously announced on 5 November 2025.\n\nAn extract from the Circular is set out below. Words and expressions defined in the Circular have the same meaning in this announcement. A copy of the full text of the Circular will be available at www.vvvsports.pro. \n\n“Proposed Acquisition of R3 Sport Limited\n\nExercise of Warrants\n\nAuthority to issue Ordinary Shares\n\nProposed Appointment of New Directors\n\nand\n\nNotice of Extraordinary General Meeting\n\nDear Shareholder\n\nIntroduction\nOn 10 December 2025, the Company entered into the Share Purchase Agreement with the Majority Sellers to acquire R3 Sport by way of a share exchange, whereby the Company will issue the Consideration Shares to the Majority Sellers in exchange for the acquisition by the Company of their shares in R3 Sport. The remaining shares held by the minority shareholders in R3 Sport will be acquired by the Company contemporaneously with completion of the Share Purchase Agreement.\n\n \n\nJonathan Rowland is both a Seller and also the Executive Chairman of the Company and as such the Proposed Acquisition constitutes a related party transaction under the Aquis Growth Market Access Rules.\n\n \n\nCompletion of the Proposed Acquisition is conditional, amongst other things, on the approval of the Independent Shareholders of the Proposed Acquisition at an Extraordinary General Meeting. Accordingly, an Extraordinary General Meeting at which the Independent Shareholders will be asked to app...