REG - Rockpool Acq Plc - Update on Potential Reverse Takeover

Rockpool AcquisitionsAnnouncement

10/06/2025 17:15

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250610:nRSJ2700Ma&default-theme=true

RNS Number : 2700M  Rockpool Acquisitions PLC  10 June 2025

 Press release    10(th) June 2025

 

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")

 

Update on the potential Reverse Takeover of European Lingerie Group AB ("ELG")

 

In the Chairman's statement that accompanied the Company's Annual Report and
Financial Statements for the period to 31 December 2024 which were announced
on 1 May 2025, it was stated that the target for the completion of the
acquisition of ELG was then being targeted for early December 2025, but that
the Board was concerned that if the fundraising currently being carried out by
ELG took longer than was at that point hoped the new target deadline of early
December 2025 might become difficult to meet.

 

The Company yesterday received an update from ELG following the Company's
Annual General Meeting, and whilst ELG has been making progress with its
current cost-saving and EBITDA-enhancing initiatives, the fundraising is
indeed taking longer than had been hoped.  As a result the Board decided to
continue the current pause in the Company's work on the transaction for at
least another 4 to 6 weeks and now considers that completion is unlikely to
take place until the second quarter of 2026.

 

The Board will update the market further as and when necessary.

 

-  Ends -

 

For further information please contact:

 

 Rockpool Acquisitions Plc            mike@cordovancapital.com (mailto:mike@cordovancapital.com)
 Mike Irvine, Non-Executive Director  www.rockpoolacquisitions.plc.uk (http://www.rockpoolacquisitions.plc.uk)

 

 

 Novella Communications  Tel: +44 (0)203 151 7008

 (Financial PR)          timr@novella-comms.com

 Tim Robertson

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCSFSFISEISEIM