REG - Rockpool Acq Plc - Recovery of Costs from Amcomri Group Limited

Rockpool AcquisitionsAnnouncement

28/08/2024 16:00

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RNS Number : 0432C  Rockpool Acquisitions PLC  28 August 2024

 Press release  28 August 2024

 

 

 

The information contained within this announcement is deemed by the Company to
constitute inside information stipulated under the Market Abuse Regulation
(EU) No. 596/2014 which is part of domestic UK law pursuant to the Market
Abuse (Amendment) (EU Exit) Regulations (SI 2019/310) ("UK MAR").  Upon the
publication of this announcement via the Regulatory Information Service, this
inside information is now considered to be in the public domain.

 

Rockpool Acquisitions Plc

 

("Rockpool" or "the Company")

 

Recovery of Costs from Amcomri Group Limited

 

 

The Company announced on 24 April 2024 that it had received notice from the
Amcomri shareholder group led by Amcomri Holdings Limited that they were
withdrawing from the proposed acquisition (the "Proposed Transaction") by
Rockpool of the entire issued and to be issued share capital of Amcomri Group
Limited ("Amcomri").

 

As set out in that announcement, under the provisions of the heads of terms
entered into in relation to the acquisition, if any of the Amcomri
shareholders withdraw from the Proposed Transaction, except in certain
circumstance which do not apply in this case, Amcomri is obliged to reimburse
the Company for all reasonable costs, fees, disbursements and expenses which
have been incurred by Rockpool in connection with its investigation,
evaluation, pursuit and negotiation of the Proposed Transaction.  In the
Chairman's statement dated 27 June 2024 forming part of the 2024 Annual Report
and Financial Statements, it was stated that a request had been made to
Amcomri for reimbursement of those costs which amounted to £543,000 and that
no written response had been received from them.

 

The Company has now received a formal response from Amcomri disputing the
amount due from them and offering the sum of £370,000 in final settlement of
its liability.  The Company intends to pursue recovery of the full amount of
£543,000 and has instructed its lawyers to write to Amcomri to that effect.

 

 

 

Ends -

 

For further information please contact:

 

 

 Rockpool Acquisitions Plc
 Mike Irvine, Non-Executive Director  mike@cordovancapital.com (mailto:mike@cordovancapital.com)

                                      www.rockpoolacquisitions.plc.uk (http://www.rockpoolacquisitions.plc.uk/)

 

 

 Abchurch (Financial PR)
 Julian Bosdet            Tel: +44 (0)20 7459 4070

                          julian.bosdet@abchurch-group.com (mailto:julian.bosdet@abchurch-group.com)

 

- Ends -

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