Rockpool Acquisitions PLC Recovery of Costs from Amcomri Group Limited
August 28 2024 - 11:00AM
RNS Regulatory News
RNS Number : 0432C
Rockpool Acquisitions PLC
28 August 2024
|
Press release
|
28 August
2024
|
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")
Recovery of Costs from
Amcomri Group Limited
The Company announced on
24 April 2024 that it had received notice from the
Amcomri shareholder group led by Amcomri Holdings Limited that they
were withdrawing from the proposed acquisition (the "Proposed
Transaction") by Rockpool of the entire issued and to be issued
share capital of Amcomri Group Limited ("Amcomri").
As set out in that announcement,
under the provisions of the heads of terms entered into in relation
to the acquisition, if any of the Amcomri shareholders withdraw
from the Proposed Transaction, except in certain circumstance which
do not apply in this case, Amcomri is obliged to reimburse the
Company for all reasonable costs, fees, disbursements and expenses
which have been incurred by Rockpool in connection with its
investigation, evaluation, pursuit and negotiation of the Proposed
Transaction. In the Chairman's statement dated 27 June 2024
forming part of the 2024 Annual Report and Financial Statements, it
was stated that a request had been made to Amcomri for
reimbursement of those costs which amounted to £543,000 and that no
written response had been received from them.
The Company has now received a
formal response from Amcomri disputing the amount due from them and
offering the sum of £370,000 in final settlement of its
liability. The Company intends to pursue recovery of the full
amount of £543,000 and has instructed its lawyers to write to
Amcomri to that effect.
Ends -
For further information please
contact:
- Ends
-
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 or visit
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.
END
MSCUWVSRSVUWUAR
Rockpool Acquisitions (LSE:ROC)
Historical Stock Chart
From Nov 2024 to Dec 2024
Rockpool Acquisitions (LSE:ROC)
Historical Stock Chart
From Dec 2023 to Dec 2024
