Essentially Group PLC - London-based investment and holdings company focused on the health and food & beverage sectors - Extends long stop date for acquisition of Best of Latin Foodstuff Trading LLC. Long stop date for completion extended to May 31 from Friday. Says extension allows additional time to obtain the approval of the acquisition by the Department of Economic Development in Dubai UAE.
In March, Essentially said its 100%-owned subsidiary, Essentially Holdings Ltd, signed share purchase agreement for the acquisition of the entire share capital of Best of Latin Foodstuff Trading, a Dubai-based producer of Latin American-inspired ready-to-eat foodstuffs. The deal includes a total consideration of £1.9 million, satisfied through the issue of 3.7 million new shares in the company at a price of 52.5 pence each.
Current stock price: 57.00 pence
12-month change: up 12%
Copyright 2024 Alliance News Ltd. All Rights Reserved.