31st Dec 2021 09:23
Fandango Holdings PLC - investment company focused on the industrial and services sectors - Signs non-binding heads of terms to acquire Radair Ltd. Notes further details will be provided upon execution of a formal sales and purchase agreement.
The deal is still subject to the completion of due diligence, documentation, and compliance with all regulatory requirements, Fandango explains. Currently preparing the prospectus for the acquisition.
"As the acquisition will constitute a reverse takeover under the listing rules, the company's ordinary shares shall remain suspended pending the publication of a prospectus and the application for the enlarged company to have its ordinary shares admitted to the Official List and to trading on the main market for listed securities of the London Stock Exchange," company explains.
In March 2020, signed a non-binding agreement to acquire an undisclosed oil well services provider.
Current stock price: suspended
By Paul McGowan; [email protected]
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