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| Date | 20 Jul 2023 |
| Time | 10:22:00 |
| Category | Disposal |
| ID | nsm:202307200522PR_NEWS_UKDISCLO_0049.html |
Disseminated via PRN on 20 July 2023
PR Newswire
LONDON, United Kingdom, July 20
20 July 2023
Everest Global plc
(“EG” or the “Company”)
Sale of minority shareholding of Dynamic Intertrade Agriculture
As stated in the Company’s results for the year ended 31 October 2021, the Directors had committed to the sale of its 46.8% equity stake in Dynamic Intertrade Agriculture (Pty) Ltd (“DIA”). As such, the investment has been held in the balance sheet of the Group as an asset held for sale since that decision was made.
The Company is pleased to announce that it has now reached agreement with Athena Trading Worldwide Limited, a private company, for the sale of its 46.8% stake in DIA, for a consideration of £15,384.62, payable in cash on completion The contractual completion date is 31 July 2023.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 (which forms part of domestic UK law pursuant to the European Union (Withdrawal) Act 2018).
The Directors of the Company take responsibility for the contents of this announcement.
For further information please contact the following:
| Everest Global plc | |
| Andy Sui, Chief Executive OfficerRob Scott, Non-Executive Director | +44 (0) 776 775 1787+27 (0)84 6006 001 |
| Cairn Financial Advisers LLP | |
| Jo Turner / Emily Staples | +44 (0) 20 7213 0885 / +44 (0)20 7213 0897 |
