Everest Global Plc - Sale of minority shareholding of Dynamic Intertrade Agriculture
20 Juli 2023 - 11:22AM
PR Newswire (US)
20 July 2023
Everest Global
plc
(“EG” or the
“Company”)
Sale of minority shareholding
of Dynamic Intertrade
Agriculture
As stated in the
Company’s results for the year ended 31
October 2021, the Directors had committed to the sale of its
46.8% equity stake in Dynamic Intertrade Agriculture (Pty) Ltd
(“DIA”). As such, the investment has been held in the balance sheet
of the Group as an asset held for sale since that decision was
made.
The
Company is pleased to announce that it has now reached agreement
with Athena Trading Worldwide Limited, a private company, for the
sale of its 46.8% stake in DIA, for a consideration of £15,384.62,
payable in cash on completion
The contractual completion date
is 31 July
2023.
This announcement contains
inside information for the purposes of Article 7 of EU Regulation
596/2014 (which forms part of domestic UK law pursuant to the
European Union (Withdrawal) Act
2018).
The Directors of the
Company take responsibility for the contents of this
announcement.
For further information
please contact the following:
Everest Global plc |
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Andy
Sui, Chief Executive OfficerRob
Scott, Non-Executive
Director |
+44 (0) 776 775
1787+27 (0)84 6006
001 |
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Cairn Financial Advisers
LLP |
|
Jo
Turner / Emily Staples |
+44
(0) 20 7213 0885 / +44 (0)20 7213
0897 |
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