REG - Spiritus Mundi PLC - 2024 Financial Report and Acquisition Update

Spiritus MundiAnnouncement

03/02/2025 07:15

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RNS Number : 5557V  Spiritus Mundi PLC  03 February 2025

3 February 2025

 

Spiritus Mundi plc
("Spiritus Mundi" or the "Company")

Update on 2024 Annual Report and Financial Statements and Proposed Acquisition

 

Spiritus Mundi plc, (LSE:SPMU), the Special Purpose Acquisition Company (SPAC)
seeking to acquire targets in Europe and Asia in the clinical diagnostics
sector, announces a delay to the publication of its audited Annual Report and
Financial Statements for its financial year ended 30 September 2024 (the "2024
Annual Report and Accounts"), which were expected to be published by 31
January 2025.

 

The Company will publish its Annual Report and Accounts for the year ended 31
December 2024 as soon as practicable.

 

Further to announcement of 6 March 2024, the Board notes that the Company is
now pursuing the acquisition of Restalyst Pte. Ltd., solely, which it expects
to complete in H1 2025. The Company is seeking to raise additional funds to
facilitate the completion of this transaction and the publication of its 2024
Annual Report and Accounts on a going concern basis.

 

It is noted that there can be no guarantee that additional funds can be raised
or that the Proposed Acquisition will be successfully completed. If the
Proposed Acquisition does not complete for any reason, it is expected that the
suspension of the Company's listing will be lifted, subject to FCA approval,
and trading in the Company shares will recommence.

 

Notwithstanding the ongoing suspension of trading in the Company's ordinary
shares on 6 March 2024, the Company will continue to make announcements as and
when there are any developments that require announcement in accordance with
its obligations under the Listing Rules.

 

 

 

For further information please contact:

 Spiritus Mundi plc                                 Via IFC
 Zaccheus Peh (Non-Executive Chairman)

 Tim Metcalfe (Non-Executive Director)

 Strand Hanson Limited (Financial Adviser)          +44 (0) 20 7409 3494
 James Harris / James Bellman / Abigail Wennington

 IFC Advisory Limited (Financial PR and IR)         +44 (0) 203 934 6630
 Graham Herring, Florence Chandler                  spiritusmundi@investor-focus.co.uk

 

 

The information contained within this announcement is deemed to constitute
inside information as stipulated under the Market Abuse Regulations (EU No.
596/2014) which is part of UK law by virtue of the European Union (withdrawal)
Act 2018. Upon the publication of this announcement, this inside information
is now considered to be in the public domain.

 

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