REG-Everest Global Plc: Acquisition

Everest GlobalAnnouncement

09/04/2024 07:45

 

 

09 April
2024                                                                                                               

Everest Global plc

("Everest" or the "Company")

Acquisition of 33% of Ace Jumbo Ventures Limited, a Hong Kong Type 9 and Type
4 Licence Holder

The Company is pleased to announce that on 08 April 2024 it entered into a
share purchase agreement ("SPA") with Giga Treasure Limited (the "Seller"), to
acquire 33 per cent. of the issued share capital of Ace Jumbo Ventures Limited
(the "Target") for US$20,000 in cash (the "Transaction"). The Target is the
parent company of Giga (Hong Kong) Limited, a company incorporated in Hong
Kong which holds a licence to carry out the provision of advice on securities
(Type 4 Licence) and a licence to carry out asset management related regulated
activities (Type 9 Licence) under the Securities and Futures Ordinance in Hong
Kong. (the "Licences"). The Directors of the Company believe that holding an
interest in the Licences will help facilitate future fundraisings to be
undertaken by the Company from investors based in Hong Kong.

The Directors of the Company take responsibility for the contents of this
announcement.

For further information please contact the following:

 Everest Global plc                                                                                               
                                                                                                                  
 Andy Sui, Chief Executive Officer Rob Scott, Non-Executive Director  +44 (0) 776 775 1787 +27 (0)84 6006 001     
                                                                                                                  
 Cairn Financial Advisers LLP                                                                                     
 Jo Turner / Emily Staples                                            +44 (0) 20 7213 0885 / +44 (0)20 7213 0897  
                                                                                                                  
                                                                                                                  
                                                                                                                  
                                                                                                                  

Caution regarding forward looking statements

Certain statements in this announcement, are, or may be deemed to be, forward
looking statements. Forward looking statements are identified by their use of
terms and phrases such as ''believe'', ''could'', "should" ''envisage'',
''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', "expect",
''will'' or the negative of those, variations or comparable expressions,
including references to assumptions. These forward-looking statements are not
based on historical facts but rather on the Directors' current expectations
and assumptions regarding the Company's future growth, results of operations,
performance, future capital and other expenditures (including the amount,
nature and sources of funding thereof), competitive advantages, business
prospects and opportunities. Such forward looking statements reflect the
Directors' current beliefs and assumptions and are based on information
currently available to the Directors.

 



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