REG - Spiritus Mundi PLC - Update on Proposed Acquisition

Spiritus MundiAnnouncement

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RNS Number : 2706A  Spiritus Mundi PLC  14 April 2026

14 April 2026

 

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

Update on 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 further to the Company's announcements on 6 March 2024, 3
February 2025 and 3 June 2025, that the Company has entered into amended heads
of terms ("Amended Heads of Terms"), to reflect that the Company now only
proposes to acquire the entire issued share capital of Restalyst Pte. Ltd.
("Restalyst") (the "Proposed Acquisition").

 

As Zaccheus Peh is a director of the Company and a significant shareholder of
Restalyst, the Proposed Acquisition is expected to constitute a Material
Related Party Transaction as defined under DTR 7.3.6.  Zaccheus Peh has
therefore not participated in the Spiritus Mundi board resolution to approve
the Amended Heads of Terms and the Company's independent directors consider
that the Amended Heads of Terms are fair and reasonable from the perspective
of the Company and its independent shareholders.

 

The Company is in the process of raising additional funds to facilitate the
completion of the Proposed Aquisition and the publication of its 2025 Annual
Report and Accounts. 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, 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)

 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 6632
 Graham Herring, Florence Staton                    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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