Challenger Acquisitions Limited Supreme Court approval for Plan of Arrangement (4263F)
16 July 2021 - 2:00AM
UK Regulatory
TIDMCHAL
RNS Number : 4263F
Challenger Acquisitions Limited
15 July 2021
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Challenger Acquisitions Limited
('Challenger' or the 'Company')
Supreme Court approval for Plan of Arrangement
Challenger Acquisitions Limited (LSE: CHAL) is pleased to
announce that on 14 July 2021 the Supreme Court of British Columbia
approved the Plan of Arrangement in respect of the acquisition of
Cindrigo Energy Limited ('Cindrigo') by Challenger that was
presented to and approved by shareholders of Cindrigo on 29th June
2021. Subject to the satisfaction of the last outstanding condition
to the Plan of Arrangement, the Company anticipates that the
reverse takeover of Cindrigo by Challenger will complete before the
end of July 2021.
Cindrigo is a group that is pursuing renewable energy projects
built on broad Swedish expertise and experience in the waste to
energy and biomass energy sector (see www.cindrigo.com ). For
further details of the Plan of Arrangement please refer to the
Company's announcement dated 17 June 2021.
Lars Guldstrand, Challenger's Chief Executive said, "Following
shareholder approval at the EGM last month, today's approval by the
Supreme Court of British Columbia represents another major step
taken towards completing the acquisition of Cindrigo Energy Limited
by the end of July 2021."
**ENDS**
For more information visit www.challengeracquisitions.com or
enquire to:
Challenger Acquisitions Limited
Jorgen Andersson +46 (0) 76 871 6373
St Brides Partners Ltd (PR)
Frank Buhagiar/Cosima Akerman +44 (0) 20 7236 1177
Cindrigo Limited
Mustaq Patel +44 (0) 7408 886 668
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END
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July 15, 2021 12:00 ET (16:00 GMT)
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