REG - Amala Foods PLC - Temporary Suspension

Amala FoodsAnnouncement

09/11/2023 12:00

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RNS Number : 9740S  Amala Foods PLC  09 November 2023

 

Amala Foods Plc

("Amala" or the "Company")

 

Temporary Suspension

 

Amala Foods Plc (LON: DISH) has requested a Temporary Suspension of its
listing on the Standard Segment of the Official List of the Main Market.  The
Company expects to enter into a binding agreement in due course with regards
to a transaction that may lead to a Reverse Takeover.  The target company is
a healthcare group with a Philippine subsidiary, Dialysis Care Plus Inc, that
is building dialysis centres in the Philippines where the market for dialysis
services is growing substantially every year.  The team has an excellent
track record with internationally known healthcare groups in the USA as well
as locally in the Philippines.  The valuation approach that is being
considered is one whereby upon a successful transaction the valuation paid
would be based upon a share consideration and a deferred share consideration
determined by financial performance.  The Company expects to conclude matters
shortly and will provide further updates to the market this month.

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
THE MARKET ABUSE REGULATION EU 596/2014 ("MAR").

 

Enquiries:

 

Jonathan Morley-Kirk, Non-Executive Chairman

jmk@bluebirdmv.com (mailto:jmk@bluebirdmv.com)

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