Finalización de la eliminación, cambio de nombre y sitio web
Brenntag AG
€77.74
17:30 10/05/24
8 de diciembre 2023
Parity Group Plc
("Paridad" o la "Compañía")
Completion of Disposal of Parity Professionals Limited
Cambio de nombre
&
Cambio de dirección del sitio web
Further to the passing of the resolutions at the general meeting regarding the Company's disposal of Parity Professionals Limited ("PPL") (the "Disposal") and the change of name to Partway Group plc ("Name Change"), the Company confirms that the Disposal has now completed ("Completion"). In accordance with the SPA, the £2 million initial consideration has been paid to the Company by the Purchaser.
As detailed in the announcement dated 21 November 2023, £1 million has been retained by the Purchaser to set off against the expected negative working capital position of PPL as at Completion and other minor adjustments. That working capital position will be determined from a set of completion accounts that will be agreed following Completion. To the extent that PPL's negative working capital position at Completion is less than £1 million, the difference will be paid by the Purchaser to PHL and to the extent that PPL's negative working capital position at Completion is greater than £1 million, the difference will be paid by PHL to the Purchaser.
Reglas AIM 15
Following Completion of the Disposal, the Company has ceased to own, control, or conduct all or substantially all its previous trading business, activities or assets and has today become an AIM Rule 15 cash shell. As such, the Company will be required to make an acquisition or acquisitions which constitute a reverse takeover under AIM Rule 14 (including seeking a re-admission as an investing company (as defined under the AIM Rules)) on or before the date falling six months from Completion and be re-admitted to trading on AIM, either as an investing company under the AIM Rules for Companies (the "AIM Rules") (which requires the raising of at least £6 million) or as an operating company (having completed a transaction that constitutes a reverse takeover, pursuant to AIM Rule 14), failing which the Company's ordinary shares would then be suspended from trading on AIM pursuant to AIM Rule 40.
Accordingly, the Company will evaluate opportunities in the sectors the directors consider appropriate, seeking to identify one or more projects or assets which the Company can acquire, which would constitute a reverse takeover under AIM Rule 14. The directors will use the initial consideration received in respect of the Disposal to fund the costs of pursuing a reverse takeover under AIM Rule 14 and provide ongoing working capital for the Company.
Cualquier transacción de adquisición inversa requerirá la publicación de un documento de admisión que cumpla con las Reglas AIM y estará sujeta a la aprobación de los accionistas en una junta general adicional de la Compañía que se convocará en el momento apropiado.
Cambio de nombre
The Company also announces that the Name Change to Partway Group Plc has now occurred. The change of name will take effect on the AIM market of the London Stock Exchange from 8.00 a.m. on 11 December 2023.
The Company's TIDM, ISIN and SEDOL numbers will remain unchanged.
Los accionistas no se ven afectados por los cambios y los certificados de acciones existentes seguirán siendo válidos y deberán conservarse.
AIM Regla 26 Cambio de sitio web
La Compañía también anuncia que la información de su sitio web de relaciones con inversionistas ahora estará alojada en: www.partway.net. The Company's AIM Rule 26 disclosure can be found at www.partway.net/aim-rule-26/.
Unless otherwise defined, terms used in this announcement have the defined meaning given to them in the circular sent to shareholders, dated 21 November 2023.
Contacto | |
paridad grupo plc | Teléfono: + 44 (0) 20 8171 1729 |
Mark Braund, presidente ejecutivo | www.paridad.net |
Mike Johns, director financiero | |
Allenby Capital Limited (Asesor designado y Broker) | Tel: + 44 (0) 20 3328 5656 |
David Hart / Dan Dearden-Williams (Finanzas corporativas) | |
Tony Quirke (Ventas y corretaje corporativo) |
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