REG - Pristine Capital PLC - Update on compliance with UKLR

Pristine CapitalAnnouncement

11/09/2025 07:00

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RNS Number : 8611Y  Pristine Capital PLC  11 September 2025

Pristine Capital Plc / EPIC: PRIS / Market: LSE

 

11 September 2025

 

PRISTINE CAPITAL PLC

("Pristine Capital" or the "Company")

 

Update on compliance with UK Listing Rules

 

Pristine Capital Plc (LSE: PRIS), the Main Market cash shell focusing on the
real estate sector, provides an update on its plans to comply with its
obligations under the UK Listing Rules ("UKLR") which came into force on 29
July 2024 and contained certain Transitional Provisions ("TPs") to allow
issuers time to comply with the new requirements. These provisions include the
obligation that the Company's articles of association (the "Articles") comply
with UKLR 13.2.1R related to seeking shareholder approval to continue
operations if an initial transaction has not been completed within 24 months.

 

On 27 June 2025, Pristine announced that it had entered into heads of terms
for an initial transaction (the "Transaction"), pursuant to which the
Company's securities have been suspended from trading on the Main Market of
the London Stock Exchange. The Transaction would include the cancellation of
the listing of its ordinary shares on the Main Market of the London Stock
Exchange and admission of Pristine Capital's shares to trading on AIM. If the
Transaction were to proceed, in line the Board's expectation, the Company will
not amend the Articles to comply with UKLR 13.2.1R in the general meeting
notice, as those provisions would become redundant once the listing of the
ordinary shares on the Main Market of the London Stock Exchange is cancelled.

 

Pristine Capital confirms that should the Transaction not proceed, for
whatever reason, the Company will undertake to include the relevant
shareholder resolution, to make the necessary amendments to the Articles to
comply with UKLR 13.2.1R, at the Company's next annual general meeting.

 

The Company will make further announcements in due course, as appropriate.

 

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

 

 Pristine Capital plc                                                     Tel: +44 (0) 20 3988 0227

 Neil Sinclair, Executive Chairman

 Allenby Capital Limited (Broker)                                         Tel: +44 (0)20 3328 5656

 Nick Naylor/James Reeve/Lauren Wright (Corporate Finance)

 Guy McDougall (Sales & Corporate Broking)

 (https://www.brandonhillcapital.com/) RMS Partners (Investor Relations)  Tel: +44 (0) 20 3735 6551

 Simon Courtenay

 

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