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Share Name Share Symbol Market Type Share ISIN Share Description
Arena Events Group Plc LSE:ARE London Ordinary Share GB00BF0HYJ24 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 17.00 16.50 17.50 17.00 16.325 17.00 417,908 08:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 183.2 -23.0 -15.0 - 55

Arena Events Group PLC Aztec Shaffer Bid Update

16/04/2021 3:21pm

UK Regulatory (RNS & others)


Arena Events (LSE:ARE)
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RNS Number : 7843V

Arena Events Group PLC

16 April 2021

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014 (AS AMENDED) (WHICH FORMS PART OF DOMESTIC UK LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018) ("EUWA")). UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

16 April 2021

ARENA EVENTS GROUP PLC

("Arena" or the "Company")

Aztec Shaffer Bid Update

Arena Events Group plc (AIM: ARE) is pleased to announce that, further to the announcement on 14 April 2021, NewCo's bid for Aztec Shaffer, of which Arena is a party, has today been approved at the sale hearing at the United States Bankruptcy Court for the Southern District of Texas.

Arena and the Co-Bidders will now move to complete the Aztec Shaffer acquisition, with completion expected by the end of April. This will include the payment of Arena's equity contribution of $3.35 million for its 50% equity stake in NewCo.

Defined terms in this announcement shall have the same meaning as those in the RNS release on 29 March 2021.

Enquires:

 
 Arena Events Group plc                Via Alma PR 
  Greg Lawless (CEO)                    +44(0)207 397 8900 
  Steve Trowbridge (CFO) 
  Cenkos Securities (Nomad and 
  Broker) 
 Max Hartley, Max Gould (Corporate 
  Finance) 
  Julian Morse (Sales) 
 
  Alma PR (Financial PR)               +44(0)203 405 0205 
 

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

MSCDKABDQBKDCQD

(END) Dow Jones Newswires

April 16, 2021 10:21 ET (14:21 GMT)

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