REG - Fragrant Prosperity - Business Update

Fragrant Prosperity HoldingsAnnouncement

14/07/2025 11:15

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250714:nRSN9512Qa&default-theme=true

RNS Number : 9512Q  Fragrant Prosperity Holdings Ltd  14 July 2025

14 July 2025

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, WITHIN,
INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA,
THE REPUBLIC OF IRELAND OR JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH
PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL.

 

Fragrant Prosperity Holdings Limited

 

("FPP" or the "Company")

 

 

Business Update & TVR

Fragrant Prosperity Holdings Limited ("FPP" or the "Company") is pleased to
announce the recent fundraise and recapitalisation of the Company has been
successfully completed and FPP is now focussed on the identification of a
suitable target to acquire.

 

The Investment Advisory Boards  ("IABs") view is that the quality of
potential businesses to acquire is promising, with AI driven fintech
commanding high levels of interest at present. FPP is focusing on innovative
technology in large markets that are able to scale to reach a global
footprint. As one of only a few clean shells on the London Stock Exchange, the
Company is well placed to execute its strategy.

 

Chairmans Comment:  "It is an exciting time to be searching for potential
targets in the fintech space. With a global reach, scalable tech is shaping
the future of numerous industries including financial services. The kind of
businesses that would be suitable for FPP are ones that are robust enough to
not face significant challenges as a result of the uncertain global backdrop.
We are optimistic with our approach and the IAB and Board will carefully
consider the best options for all shareholders and will make any relevant
announcements in due course as the search progresses".

 

Total Voting Rights

 

The total number of voting rights in the Company is 254,533,431, this figure
may be used by shareholders as the denominator for the calculations by which
they will determine if they are required to notify their interest in, or a
change to their interest in the Company under the FCA's Disclosure and
Transparency Rules.

 

This announcement contains inside information for the purposes of Article 7 of
Regulation (EU) 596/2014 which is part of UK law by virtue of the European
Union (Withdrawal) Act 2018. Upon the publication of this announcement this
information is considered to be in the public domain.

 

- Ends -

 

 

Enquiries

 

 Fragrant Prosperity Holdings Limited  +44 (0)20 3137 1902

 Optiva Securities - Broker to FPP     +44 (0)20 3137 1903

 Vishal Balasingham

 

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  UPDBZLFFEDLBBBQ