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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Fandango Holdings Plc | LSE:FHP | London | Ordinary Share | GB00BF2P0G38 | ORD GBP0.001 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.45 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Finance Services | 0 | -142k | -0.0011 | -4.09 | 603.01k |
From Apr 2019 to Apr 2024
TIDMFHP
RNS Number : 8995E
Fandango Holdings PLC
04 March 2020
Fandango Holdings plc / Index: LSE / Epic: FHP / Sector: Investment
4 March 2020
Fandango Holdings plc ('Fandango' or 'the Company')
Heads of Terms Signed
Fandango Holdings plc, the investment company focused on the industrial and services sectors, is pleased to report that it has executed non-binding Heads of Terms ('HoT') to acquire an oil well services provider ('the Acquisition'). Further details will be provided upon execution of a formal s ales and purchase agreement.
The Acquisition is subject, inter alia, to the completion of due diligence, documentation and compliance with all regulatory requirements, including the Listing and Prospectus Rules and, as required, the Takeover Code. The Acquisition, if it proceeds, will constitute a Reverse Takeover under the Listing Rules since, inter alia, in substance it will result in a fundamental change in the business of the issuer.
As the Acquisition will constitute a Reverse Takeover under the Listing Rules, the Company's ordinary shares shall remain suspended pending the publication of a prospectus and the application for the enlarged Company to have its Ordinary Shares admitted to the Official List and to trading on the main market for listed securities of the London Stock Exchange.
The Company is working on the preparation of a prospectus in relation to the Acquisition and will, in due course, be making application for the enlarged Company to have its Ordinary Shares admitted to the Official List and to trading on the main market for listed securities of the London Stock Exchange.
The Company will update shareholders as the matter progresses.
ENDS
For further information visit www.fandangoholdingsplc.com or contact:
Charles Tatnall Fandango Holdings plc E: ctatnall@btinternet.com
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.
END
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(END) Dow Jones Newswires
March 04, 2020 02:00 ET (07:00 GMT)
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