REG - Pacsco Ltd - Amendment to Mozambique Asset Disposal

PACSCoAnnouncement

27/01/2026 17:15

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RNS Number : 6118Q  Pacsco Ltd  27 January 2026

The information communicated within this announcement is deemed to constitute
inside information as stipulated under the Market Abuse Regulations (EU) No.
596/2014. Upon the publication of this announcement, this inside information
is now considered to be in the public domain.

 

 

27 January 2026

PACSCo Limited

('PACSCo' or the 'Company')

 

Amendment to Mozambique Asset Disposal

 

Further to the Company's announcement made on 8 August 2025, PACSCo announces
that certain additional amendments have been agreed to the agreement entered
into on 10 March 2025 (the "SPA") for the disposal of its Mozambique
agricultural assets (the "Amendment Agreement") to Chepstow Investments
Limited ("CIL"), following receipt of regulatory direction from the Bank of
Mozambique ("BOM").

 

Pursuant to the Amendment Agreement, the Company and CIL have agreed:

(a)     to extend the "Long Stop Date" under the SPA to 31 March 2026;

(b)     to make obtaining BOM approval for the Mozambique aspects of the
underlying transaction a condition subsequent (to be achieved no later than 31
March 2026 or such later date as may be agreed in writing between the parties)
to initial completion under the SPA.

Related Party Transaction

Entering into the Amendment Agreement, constitutes a related party transaction
under Rule 13 of AIM Rules given that CIL is a substantial shareholder of the
Company. In this context, Caroline Havers, Neil Clayton and Sergio Zandamela
(being the Directors on the Board who are considered to be independent of CIL)
consider, having consulted with the Company's nominated adviser, Strand Hanson
Limited, that the terms of the Amendment Agreement are fair and reasonable
insofar as its shareholders are concerned.

 

 

** ENDS **

 

 

For further information please visit www.pacsco.co.uk
(http://www.pacsco.co.uk) or contact:

 

 PACSCo Limited                      Caroline Havers

                                     caroline@agriterra-ltd.com (mailto:caroline@agriterra-ltd.com)

 Strand Hanson Limited               Ritchie Balmer / James Spinney
 Nominated & Financial Adviser

                                   +44 (0) 207 409 3494

 Peterhouse Capital Limited          Duncan Vasey / Heena Karani

 Broker                              +44 (0) 207 469 0930

 

 

 

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