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On 04 September 2025, Pineapple Power Corporation PLC and Buffalo Battery Metals PTY Limited mutually agreed to discontinue discussions on their proposed acquisition, initially announced on 2 May 2025. Pineapple has applied to the FCA to lift the suspension of its ordinary shares from the Official List and from trading on the Main Market of the London Stock Exchange. Pineapple also stated that no external due diligence costs were incurred in connection with the proposed acquisition.
| Date | 4 Sept 2025 |
| Time | 08:00:00 |
| Category | Corporate updates |
| ID | 9002X |
This announcement contains inside information as stipulated under the UK version of the Market Abuse Regulation No 596/2014 which is part of English Law by virtue of the European (Withdrawal) Act 2018, as amended. On publication of this announcement via a Regulatory Information Service, this information is considered to be in the public domain
September 4, 2025
Pineapple Power Corporation PLC ("Company" or "Pineapple")
Termination of proposed acquisition of Buffalo Battery Metals PTY Limited (Buffalo)
Request to lift suspension of Listing and resumption of trading
Pineapple Power Corporation PLC previously announced on 2 May 2025 the proposed acquisition of Buffalo Battery Metals PTY. Despite significant effort by both parties, Pineapple and Buffalo have mutually agreed to discontinue discussions on the proposed acquisition.
Accordingly, Pineapple has applied to the FCA to lift the suspension of the Company's ordinary shares from the Official List and from trading on the Main Market of the London Stock Exchange (LON:LSEG). The Company anticipates trading will resume shortly.
Pineapple considered the proposed acquisition internally and as such no external due diligence costs have been incurred in connection with the proposed acquisition.
Clive de Larrabeiti, Corporate Finance Advisor to the Company stated - "It is regretful that the proposed amalgamation with Buffalo Battery Metals could not be completed despite the best efforts of both parties. However, the resumption of trading on the Main Market of the LSE will bring additional opportunities for the company and its shareholders as Pineapple is now one of very few available cash shells still listed on this market which enables an expeditious route to the international financial markets.
I am pleased to report that the Company has, over the past month, received a number of enquiries from interested companies, which we are actively exploring and will update the market in due course."
ENQUIRIES
For further information, please visit - www.pineapple-powercorp.com, or contact:
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Pineapple Power Corporation PLC |
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Clive de Larrabeiti Corporate Finance Advisor
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+44 203 039 3913
+44 797 317 7973 |
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Corporate Broker Peterhouse Capital Charles Goodfellow
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+44 207 220 9791
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Media Relations David Burton Total Market Solutions |
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