REG-Everest Global Plc: Issue of Shares in relation to the Acquisition of Precious Link (UK) Limited

Everest GlobalAnnouncement

28/03/2024 16:45

 

 

28 March
2024                                                                                                               

Everest Global plc

("Everest" or the "Company")

Issue of Shares in relation to the Acquisition of Precious Link (UK) Limited

Following the announcement on 10 January 2024, whereby the Company announced
the completion of the acquisition of the entire share capital of Precious Link
(UK) Limited ("Precious Link") and the subsequent issue of 12,500,000 new
ordinary shares of £0.02 in the Company, to be issued to PI Distribution
Investment Ltd ("PI") as consideration ("Consideration Shares"), the Company
further announces that due to an internal restructure of the vendors affairs,
PI has assigned the Consideration Shares due to it to Mr Feng Chen, and signed
all relevant and required indemnities in favour of, Mr Feng Chen.  Mr Feng
Chen was the Ultimate Beneficial Owner of PI. As a result, the Consideration
Shares are being issued to Mr Feng Chen.

From the date of issue of the Consideration Shares being 27 March 2024, 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. From 27
March 2024, 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
the Consideration 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 the
Consideration 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 Consideration Shares in
due course.

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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