Rockpool Acquisitions PLC Recovery of Costs from Amcomri Group Limited
29 August 2024 - 1:00AM
RNS Regulatory News
RNS Number : 0432C
Rockpool Acquisitions PLC
28 August 2024
|
Press release
|
28 August
2024
|
The information contained within this announcement is deemed
by the Company to constitute inside information stipulated under
the Market Abuse Regulation (EU) No. 596/2014 which is part of
domestic UK law pursuant to the Market Abuse (Amendment)
(EU Exit) Regulations (SI 2019/310) ("UK
MAR"). Upon the publication of this
announcement via the Regulatory Information Service, this inside
information is now considered to be in the public
domain.
Rockpool Acquisitions
Plc
("Rockpool" or
"the Company")
Recovery of Costs from
Amcomri Group Limited
The Company announced on
24 April 2024 that it had received notice from the
Amcomri shareholder group led by Amcomri Holdings Limited that they
were withdrawing from the proposed acquisition (the "Proposed
Transaction") by Rockpool of the entire issued and to be issued
share capital of Amcomri Group Limited ("Amcomri").
As set out in that announcement,
under the provisions of the heads of terms entered into in relation
to the acquisition, if any of the Amcomri shareholders withdraw
from the Proposed Transaction, except in certain circumstance which
do not apply in this case, Amcomri is obliged to reimburse the
Company for all reasonable costs, fees, disbursements and expenses
which have been incurred by Rockpool in connection with its
investigation, evaluation, pursuit and negotiation of the Proposed
Transaction. In the Chairman's statement dated 27 June 2024
forming part of the 2024 Annual Report and Financial Statements, it
was stated that a request had been made to Amcomri for
reimbursement of those costs which amounted to £543,000 and that no
written response had been received from them.
The Company has now received a
formal response from Amcomri disputing the amount due from them and
offering the sum of £370,000 in final settlement of its
liability. The Company intends to pursue recovery of the full
amount of £543,000 and has instructed its lawyers to write to
Amcomri to that effect.
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