REG-Everest Global Plc: Completion of the Acquisition of Precious Link

Everest GlobalAnnouncement

10/01/2024 07:00

 

 

10 January
2024                                                                                                               

Everest Global plc

("Everest" or the "Company")

Completion of the Acquisition of Precious Link (UK) Limited, a UK wine
retailer

Following the announcement on 18 December 2023, whereby the Company entered
into a share purchase agreement with PI Distribution Investment Ltd, to
acquire the entire issued share capital of Precious Link (UK) Limited
("Precious Link"), a wine retailer in the Southeast of England, the Company is
pleased to announce that all outstanding conditions have been met or waived by
the Company and the transaction completed on 9 January 2024.

The Company has now issued the 12,500,000 new Ordinary Shares, agreed to be
issued to PI Distribution Investment Ltd, as consideration for the entire
issued share capital of Precious Link. Therefore the total number of Ordinary
Shares in issue with voting rights in the Company is 77,388,855 ("Total Voting
Rights"). No shares are held in treasury. The Total Voting Rights figure may
now be used by shareholders as the denominator for the calculation by which
they may determine if they are required to notify their interest in, or a
change to their interest in, the Company under the FCA's Disclosure Guidance
and Transparency Rules.

The Company intends to apply to the Financial Conduct Authority ("FCA") for
such new Ordinary Shares to be admitted to the Official List of the FCA (by
way of a standard listing under Chapter 14 of the listing rules published by
the FCA under section 73A of the FSMA as amended from time to time) and to the
London Stock Exchange Group plc ("London Stock Exchange") for such new
Ordinary Shares to be admitted to trading on the London Stock Exchange's main
market for listed securities ("Admission"). The Company will make a further
announcement regarding the Admission of these new Ordinary Shares in due
course.

This announcement contains inside information for the purposes of Article 7 of
EU Regulation 596/2014 (which forms part of domestic UK law pursuant to the
European Union (Withdrawal) Act 2018).

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  
                                                                                                                  
                                                                                                                  
                                                                                                                  

 



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