REG-Everest Global Plc: Sale of minority shareholding of Dynamic Intertrade Agriculture

Everest GlobalAnnouncement

20/07/2023 10:30

20 July 2023

Everest Global plc
(“EG” or the “Company”)

Sale of minority shareholding of Dynamic Intertrade Agriculture

As stated in the Company’s results for the year ended 31 October 2021, the
Directors had committed to the sale of its 46.8% equity stake in Dynamic
Intertrade Agriculture (Pty) Ltd (“DIA”). As such, the investment has been
held in the balance sheet of the Group as an asset held for sale since that
decision was made.

The Company is pleased to announce that it has now reached agreement with
Athena Trading Worldwide Limited, a private company, for the sale of its 46.8%
stake in DIA, for a consideration of £15,384.62, payable in cash on
completion The contractual completion date is 31 July 2023.

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 OfficerRob 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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