REG - Fandango Hldgs Plc - Heads of Terms Signed

Fandango HoldingsAnnouncement

22/06/2023 11:15

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RNS Number : 6107D  Fandango Holdings PLC  22 June 2023

Fandango Holdings plc / Index: LSE / Epic: FHP / Sector: Investment

22 June 2023

Fandango Holdings plc ('Fandango' or 'the Company')

Heads of Terms Signed

 

Fandango Holdings plc is pleased to report that it has executed non-binding
Heads of Terms ('HoT') to acquire European Battery Metals Pty Ltd ('the
Acquisition').

 

The Acquisition is subject, inter alia, to the completion of due diligence,
documentation, and compliance with all regulatory requirements, including the
Listing and Prospectus Rules and as required, the Takeover Code.  The
Acquisition, if it proceeds, will constitute a Reverse Takeover under the
Listing Rules since, inter alia, in substance it will result in a fundamental
change in the business of the issuer.

 

As the Acquisition will constitute a Reverse Takeover under the Listing Rules,
the Company's ordinary shares shall remain suspended pending the publication
of a prospectus and the application for the enlarged Company to have its
Ordinary Shares admitted to the Official List and to trading on the main
market for listed securities of the London Stock Exchange.

 

The Company is working on the preparation of a prospectus in relation to the
Acquisition and will, in due course, be making application for the enlarged
Company to have its Ordinary Shares admitted to the Official List and to
trading on the main market for listed securities of the London Stock Exchange.

 

Further details will be provided upon execution of a formal sales and purchase
agreement.

 

The previously contemplated and announced transaction to acquire Radair
Limited has been terminated with immediate effect.

 

ENDS

 

For further information visit www.fandangoholdingsplc.com
(http://www.fandangoholdingsplc.com) or contact:

 

 Charles Tatnall  Fandango Holdings plc  E: ctatnall@btinternet.com (mailto:ctatnall@btinternet.com)

 

 

 

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