![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Cindrigo Holdings Limited | LSE:CHAL | London | Ordinary Share | Ordinary Shares |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.13 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMCHAL
RNS Number : 7462Q
Challenger Acquisitions Limited
01 March 2021
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY,
WITHIN, INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN.
For immediate release 01 March 2021
Challenger Acquisitions Limited
('Challenger' or the 'Company')
Offer for Cindrigo Limited - Lapse to Extended Longstop Date
Challenger Acquisitions Limited (LSE: CHAL) announces that following discussions with Cindrigo Energy Limited ('CEL') and Cindrigo Limited (together 'Cindrigo') the Offer made to certain shareholders of CEL has lapsed on the extended Longstop Date of 26(th) February 2021. The Offer was made to certain shareholders of CEL, on 31 August 2020 (the 'Offer'), for the shares in Cindrigo Limited that CEL shareholders would have acquired pursuant to a Plan of Arrangement ('PoA'), relating to CEL pursuant to the laws of British Columbia, Canada. Cindrigo is part of a group of companies pursuing renewable energy projects built on broad Swedish expertise and experience in the waste to energy and biomass energy sector (see www.cindrigo.com).
The Boards of Challenger and Cindrigo are investigating an alternative transaction structure to achieve the proposed reverse takeover of the Cindrigo business by Challenger on potentially improved commercial terms. The alternative structure will require approval from the shareholders of both companies and both the Company and CEL anticipate convening meetings of their respective shareholders in due course to seek the required approvals for such alternative transaction. The Company will make a further announcement relating to a proposed new transaction when appropriate.
Notwithstanding the lapse of the Offer, as a reverse takeover of Cindrigo is still in contemplation, the Company has not requested the Financial Conduct Authority to end the suspension of Challenger's listing pursuant to Listing Rule 5.4.3 and the Company expects the suspension to continue until the completion of a reverse takeover.
Lars Guldstrand, Challenger's CEO, said, "Despite the lapse of the Offer both Challenger and Cindrigo remain committed to the acquisition of the business of Cindrigo Limited by Challenger (the 'Acquisition') and we will continue to work together to agree a satisfactory commercial arrangement is reached for both parties."
**ENDS**
For more information visit www.challengeracquisitions.com or enquire to:
St Brides Partners Ltd (PR) Frank Buhagiar / Cosima Akerman +44 (0) 20 7236 1177 Challenger Acquisitions Ltd Jorgen Andersson Cindrigo Limited +46 (0) 76 871 6373 Mustaq Patel +44 (0) 7408 886 668
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
MSCEALDFESDFEFA
(END) Dow Jones Newswires
March 01, 2021 10:00 ET (15:00 GMT)
1 Year Cindrigo Chart |
1 Month Cindrigo Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions