Amala Foods PLC Further re Corporate Update (7674Y)
09 Maggio 2023 - 8:00AM
UK Regulatory
TIDMDISH
RNS Number : 7674Y
Amala Foods PLC
09 May 2023
Amala Foods Plc
( " Amala " or the " Company")
Re: Corporate Update
Amala Foods Plc (LON: DISH), a shell company, is pleased to
provide a further update following the Corporate Update that was
previously announced on 19 April 2023.
The Company has been reviewing several potential transactions
and has prepared a shortlist of reverse takeover opportunities in
various sectors including healthcare, natural resources, and
technology. The Company has sufficient funding to undertake a
reverse takeover.
The Company announced previously that it has received
confirmation prior to the suspension being lifted that the Company
is "grandfathered" under the regime change so that, provided a
reverse takeover is subject to eligibility and prospectus review
and approval prior to 1 December 2023, that such reverse takeover
can complete with a market capitalisation for the enlarged share
capital of the Company of less than GBP30,000,000 (thirty million
pounds).
Whilst there can be no assurances that a reverse takeover target
will be identified, nor that a transaction can be concluded by 1
December 2023 so that eligibility and prospectus review can be
completed by the FCA, the Directors are working hard to achieve
these goals for the benefit for the shareholders and other
stakeholders in the Company.
The Directors look forward to providing a further update in due
course.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF THE MARKET ABUSE REGULATION EU 596/2014
("MAR").
Enquiries:
Jonathan Morley-Kirk, Non-Executive Chairman
jmk@bluebirdmv.com
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END
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