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
as it forms part of UK domestic law by virtue of
the European
Union (Withdrawal) Act 2018. Upon the publication of this
announcement via the Regulatory Information Service,
this inside information is now considered to be in the public
domain.
ESSENTIALLY GROUP
PLC
("Essentially" or "the Company'')
Extension of Long Stop Date
for the Acquisition of Best of Latin Foodstuff Trading
LLC
As announced on 8 March 2024,
Essentially' s wholly owned subsidiary, Essentially Holdings
Limited, a company registered in Abu Dhabi
Global Market with company number 000005363 has entered into a binding share purchase agreement for the
acquisition of the entire share capital of Best of Latin Foodstuff
Trading LLC from the sole shareholder of Best of Latin, Catalina
Oñate for a total consideration of £1,935,000 ("Share Purchase
Agreement").
The long stop date for the
completion of the acquisition was 3 May 2024. The parties to the
Share Purchase Agreement have agreed an extension of this long stop
date to 31 May 2024 to allow additional time to obtain the approval
of the acquisition by the Department of Economic Development in
Dubai UAE, a formality required to be satisfied for
completion.
The Directors accept responsibility
for this announcement.
- end -
For
further information, please contact:
|
Essentially Group Plc
|
|
|
Raja W Abuljebain, CEO
|
Tel: +971
56 6440676
|
|
|
https://essentiallyplc.com
|
|
AQSE Exchange Corporate Adviser
|
|
|
Alfred Henry Corporate Finance Ltd
|
|
|
Nick Michaels/Maya Klein
Wassink
|
Tel: +44
(0) 20 3772 0021
|
|
|
www.alfredhenry.com
|
|
Broker
|
|
|
Clear Capital Markets Ltd
|
|
|
Andrew Blaylock
|
Tel: +44
(0)20 3869 6082
|
|
|
https://clearcapitalmarkets.co.uk
|
About Essentially Group PLC
Essentially's mission and strategy
is the acquisition, holding and development of companies active in
the health food and beverages market. Essentially's wholly
owned operating subsidiary in the United Arab Emirates ("UAE"),
Essentially Juices Manufacturing LLC ("EJM"), offers premium
quality wellness shots, functional juices, lemonades, nut milks,
single origin fruit juices and healthy protein snacks. EJM has a
manufacturing facility in Dubai where the beverages are produced
and is active in the UAE and Kingdom of Saudi Arabia fruit and
vegetable juice market.
For more information on the Company please visit
https://essentiallyplc.com/