Challenger Acquisitions Limited Notice of EGM and Acquisition Update (9348A)
June 04 2021 - 11:18AM
UK Regulatory
TIDMCHAL
RNS Number : 9348A
Challenger Acquisitions Limited
04 June 2021
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, WITHIN, INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA
OR JAPAN.
For immediate release 4 June 2021
Challenger Acquisitions Limited
('Challenger' or the 'Company')
Notice of Extraordinary General Meeting and
Update on Proposed Acquisition of Cindrigo Energy Limited
Challenger Acquisitions Limited (LSE: CHAL) announces that it
has today posted a Notice of an Extraordinary General Meeting
("EGM") and related Form of Proxy to shareholders.
The EGM will be held at 2:00p.m. BST on Monday, 21 June 2021 at
the offices of McCarthy Denning, 6(th) Floor, Minister House, 42
Mincing Lane, London, EC3R 7AE.
The meeting is to consider the same resolutions as were proposed
at the inquorate EGM convened for 31 March 2021 and the adjournment
of that meeting held on 12 April 2021, which was also inquorate, to
authorise the issue of shares and convertible loan notes in
connection with the proposed acquisition of Cindrigo Energy
Limited, as announced on 9 March 2021, and to change the name of
the Company on completion of the acquisition to "Cindrigo Holdings
Limited".
The Company has taken steps to ensure that, despite the on-going
restrictions on travel and public gatherings which prevented
shareholders and directors from attending the last EGM causing it
to be inquorate, sufficient shareholders or their proxies will
attend the new EGM so that it will be quorate and able to consider
and, if thought fit, pass the proposed resolutions.
The Company also wishes to update the announcement made on 9
March 2021 concerning the proposed acquisition of Cindrigo Energy
Limited ("CEL"). The board remains committed to the acquisition CEL
and is continuing to work with CEL towards its successful
conclusion.
The terms and conditions of the proposed acquisition remain
substantially the same as under the proposals as announced on 9
March 2021.
After the completion of the acquisition of CEL, the Company
still intends to make an application for its enlarged ordinary
share capital to be readmitted to the standard segment of the
Official List of the FCA and to trading on the Main Market of the
London Stock Exchange and, for that purpose, in contemplation of
the acquisition becoming unconditional, is continuing the process
with the Financial Conduct Authority ('FCA') for the approval of a
prospectus.
Lars Guldstrand, Challenger's CEO, said, "Both the Company and
Cindrigo remain committed to the acquisition of Cindrigo Energy and
its subsidiary, Cindrigo Limited, by Challenger. We are continuing
to work together to conclude the acquisition as soon as practicable
and thereafter to seek the readmission of the Company's enlarged
share capital to the Official List by way of a standard listing and
to trading on the Main Market of the London Stock Exchange."
**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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June 04, 2021 11:18 ET (15:18 GMT)
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