Brief: More Acquisitions To Acquire Megasteel Limited

Pristine Capital

23/09/2022 08:06

Sept 23 (Reuters) - More Acquisitions PLC  TMOR.L :
    * MORE ACQUISITIONS  - ACQUISITION - MEGASTEEL AND
SUSPENSION OF
TRADING
    * MORE ACQUISITIONS PLC - SIGNED CONDITIONAL HEADS OF TERMS
IN
RELATION TO PROPOSED ACQUISITION OF 100% OF ISSUED SHARE CAPITAL
OF MEGASTEEL LIMITED
    * MORE ACQUISITIONS PLC - PROPOSED DEAL WILL HAVE MEGASTEEL
VALUED
AT BETWEEN £49.5MILLION- £63MILLION
    * MORE ACQUISITIONS  - CONSIDERATION FOR PROPOSED DEAL
INVOLVE
ISSUE OF BETWEEN 2.2 BILLION -2.8 BILLION NEW SHARES IN MORE AT
AN ISSUE PRICE OF 2.25P PER SHARE

Source text for Eikon:  ID:nRSW4322Aa 
Further company coverage:  TMOR.L 
 ((Reuters.Briefs@thomsonreuters.com;;))