21st Mar 2025 15:22
Richmond Hill Resources PLC - holding company formerly named Rogue Baron PLC - Says it has entered an asset purchase agreement with Intergen I Limited Partnership to sell two of its subsidiaries, Mazeray Corp and STI Signature Spirits Group LLC. Says consideration for the sale is GBP1,000. News follows Richmond Hill's announcement that it would be changing its name and investment strategy, to focus on the natural resources sector instead of premium spirit and wine brands like Mazeray and STI.
Company says Intergen I is 50% owned by Richmond Hill Chief Executive Officer Ryan Dolder. Consequently, the sale constitutes a related party transaction according to the Aquis Growth Market Access Rulebook. Richmond Hill adds that at this stage it has entered no agreement regarding a sale of its remaining subsidiaries, Shinju Whiskey LLC and Shinju Spirits Inc. Says it will seek shareholder approval in due course for such a future transaction.
Current stock price: 0.725 pence, untraded on Friday in London
12-month change: up 69%
By Emma Curzon, Alliance News reporter
Comments and questions to newsroom@alliancenews.com
Copyright 2025 Alliance News Ltd. All Rights Reserved.