REG - Milton Capital PLC - Update re Potential Acquisition

Milton CapitalAnnouncement

27/03/2025 13:00

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RNS Number : 5488C  Milton Capital PLC  27 March 2025

27 March 2025

 

Milton Capital Plc

 

("Milton" or the "Company")

 

Update re Potential Acquisition

 

Milton Capital Plc is pleased to provide the following update regarding its
Potential Acquisition of certain subsidiaries of Horizon Energy Global
Corporation (the "Vendor") as announced on 8 October 2024.

 

The Company and the Vendor have by mutual agreement further extended the
Exclusivity Agreement in respect of the Potential Acquisition until the end of
May 2025.

 

The Company and the Vendor continue to progress their mutual aim of entering
into a Share Purchase Agreement as described in the 8 October 2024
announcement, whereby the Vendor, a global energy transition company, wishes
to separate its European assets from its core North American domestic business
and believes a business combination with Milton will provide its shareholders
with the best opportunity to progress these assets.  Milton's board believes
that the assets represent an outstanding opportunity with high prospectivity.

 

The Company will provide further information on the Potential Acquisition in
due course.

 

Unless otherwise defined herein, capitalised terms in this announcement shall
have the meaning ascribed to them in the 8 October 2024 announcement.

 

This announcement contains information which, prior to its disclosure, was
inside information for the purpose of the Market Abuse Regulation (as in force
in the United Kingdom).

 

Enquiries:

 

Milton Capital

Edward Dawson, Chief Executive Officer

Tel: +44 (0)20 7390 0236 (via Vigo Consulting)

 

Peterhouse Capital Limited (Financial Adviser)

Brefo Gyasi / Guy Miller

Tel: +44 (0)20 7469 0930

 

Vigo Consulting (Investor Relations)

Ben Simons / Finlay Thomson

Tel: +44 (0)20 7390 0236

 

Website: https://www.milton-capital.co.uk/ (https://www.milton-capital.co.uk/)

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