Sale of Sprift Loan and Notice of Final Results
06/06/2022 16:42
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220606:nRSF8908Na&default-theme=true
RNS Number : 8908N Immediate Acquisition PLC 06 June 2022
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK
VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH
LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED. ON
PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS
INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.
6 June 2022
Immediate Acquisition Plc
("IME" or "the Company")
Sale of Sprift Loan and Notice of Final Results
The Company is pleased to announce the sale of its loan to Sprift Technologies
Limited (the "Sprift Loan"), at face value, for a total cash consideration of
£1.05 million to Mark Horrocks, Non-Executive Director of IME. The sale of
the Sprift Loan therefore constitutes a related party transaction pursuant to
AIM Rule 13, the independent directors (being Tim Hipperson and Simon
Leathers), having consulted with the Company's nominated adviser, believe that
the terms of the sale of the Sprift Loan are fair and reasonable insofar as
shareholders are concerned.
Notice of Final Results
The Company also announces that it anticipates its Final Results for the year
ended 31 December 2021 will be published later this week.
For further information please contact:
Immediate Acquisition Plc Tel: +44 (0) 203 515 0233
Tim Hipperson, Non-executive Chairman
Simon Leathers, Non-executive Director
SPARK Advisory Partners Limited (Nomad) Tel: +44 (0) 203 368 3550
Mark Brady
Neil Baldwin
SP Angel Corporate Finance LLP (Broker) Tel: +44 (0) 207 470 0470
Abigail Wayne
Buchanan Communications Tel: +44 (0) 207 466 5000
Chris Lane
Immediate Acquisition Plc
Following the disposal of Immedia Broadcast Limited, announced 21 April 2022,
the Company became an AIM Rule 15 cash shell and, as such, is required to make
an acquisition or acquisitions which constitute(s) a reverse takeover under
AIM Rule 14 (including seeking re-admission as an investing company (as
defined under the AIM Rules)) on or before the date falling six months from
completion of the disposal or be re-admitted to trading on AIM as an investing
company under the AIM Rules (which requires the raising of at least £6
million), failing which the Company's Ordinary Shares would then be suspended
from trading on AIM pursuant to AIM Rule 40. Admission to trading on AIM would
be cancelled six months from the date of suspension should the reason for the
suspension not be rectified during that period.
Any failure in completing an acquisition or acquisitions which constitute(s) a
reverse takeover under AIM Rule 14, including seeking re-admission as an
investing company (as defined under the AIM Rules), will result in the
cancellation of the Company's Ordinary Shares from trading on AIM.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END MSCFLFSERLIRIIF