REG - Beacon Rise Holdings - Proposed Cowes Chiropractic Acquisition Update

Beacon Rise HoldingsAnnouncement

02/02/2026 15:15

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RNS Number : 3744R  Beacon Rise Holdings PLC  02 February 2026

The information contained within this announcement was deemed by the Company
to constitute inside information as stipulated under the UK Market Abuse
Regulation

 

2 February 2026

 

Beacon Rise Holdings Plc

("Beacon Rise" or the "Company")

 

Update in relation to the Proposed Cowes Chiropractic Acquisition

 

On 4 November 2025 Beacon Rise (LSE: BRS) announced that it had entered
non-binding heads of terms save for exclusivity, due diligence costs and other
customary terms in relation to the proposed acquisition of the entire issued
and to be issued share capital of Lyfe Health Isle of Wight Limited ("Lyfe
Health") (trading as Cowes Chiropractic) by the Company for a consideration of
approximately £0.5 million (the "Proposed Cowes Chiropractic Acquisition").

 

Following the review of commercial and financial due diligence materials in
connection with the Proposed Cowes Chiropractic Acquisition, the board of
directors of Beacon Rise (the "Board" or the "Directors") have concluded that
it would not be in the best interest of the Company's shareholders to pursue
the Proposed Cowes Chiropractic Acquisition. Accordingly, the Board has
terminated discussions in relation to the Proposed Cowes Chiropractic
Acquisition with immediate effect.

 

The Company continues to progress due diligence in relation to the three other
previously announced proposed acquisitions.

 

Temporary suspension of listing and trading of Ordinary Shares

 

The Proposed Ergotec Acquisition, the Proposed Chiropractor Acquisition and
the Proposed Training-provider Acquisition (together the "Proposed
Acquisitions") are respectively classified as an "initial transaction" under
UK Listing Rules ("UKLR") 13.4. In accordance with UKLR 21.1.4 and 21.3, the
Company ordinary shares of £1.00 each (ISIN: GB00BMC0V753) will remain
suspended from its listing on the equity shares (shell companies) category of
the Official List of the FCA and from trading on the Main Market of the London
Stock Exchange.

 

Should final terms for any of the proposed acquisitions be agreed, the Company
will issue an announcement with further details pursuant to UKLR 13.4.22R and
UKLR 13.4.23R.

 

There can be no certainty that the Proposed Acquisitions will successfully
complete, nor as to the final terms or timing of the Proposed Acquisitions. If
the Proposed Acquisitions do not complete for any reason, it is expected that
the suspension of the Company's listing on the Official List will be lifted,
subject to FCA approval, and trading in the Company's shares on the Main
Market of the London Stock Exchange will recommence.

 

Furthermore, it remains the case that each of the proposed acquisitions are
separate and not inter-conditional. Accordingly, each of the proposed
acquisitions will not be impacted by either failing to complete for any
reason.

 

The Company will seek to simultaneously enter into final binding acquisition
agreements in respect of the Proposed Acquisitions prior to Cancellation and
Admission. However, the Company intends to proceed with Cancellation and
Admission should a final binding acquisition agreement be agreed in relation
to at least one of the proposed acquisitions.

 

The Company will release further announcements as and when appropriate.

 

Unless otherwise defined, definitions contained in this announcement have the
same meaning as set out in the Company's notification on 29 September 2025 at
8:11 a.m.

 

Enquiries:

 Beacon Rise Holdings Plc

 Xiaobing Wang, Chief Executive Officer & Director        info@beaconrise.uk (mailto:info@beaconrise.uk)

 Allenby Capital Limited - Sponsor and Financial Adviser   Tel: +44 (0)20 3328 5656

 John Depasquale / Vivek Bhardwaj / Ashur Joseph          info@allenbycapital.com

 LDC Nominee Secretary Limited - Company Secretary        beaconrisecss@lawdeb.com

 Legal Entity Identifier (LEI)                            2138007PIYMZMBWD4M27

 

 

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