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Pristine Capital Plc announced on 11 September 2025 an update regarding its compliance with UK Listing Rules, effective 29 July 2024, which include an obligation for shareholder approval if an initial transaction is not completed within 24 months. On 27 June 2025, the company entered heads of terms for an initial transaction, leading to the suspension of its securities from the Main Market. If this transaction proceeds, Pristine Capital will not amend its Articles for UKLR 13.2.1R; however, if it does not, the company will include the necessary shareholder resolution for these amendments at its next annual general meeting.
| Date | 11 Sept 2025 |
| Time | 07:00:09 |
| Category | Miscellaneous |
| ID | 8611Y |
Pristine Capital Plc / EPIC: PRIS / Market: LSE
11 September 2025
PRISTINE CAPITAL PLC
("Pristine Capital" or the "Company")
Update on compliance with UK Listing Rules
Pristine Capital Plc (LSE: PRIS), the Main Market cash shell focusing on the real estate sector, provides an update on its plans to comply with its obligations under the UK Listing Rules ("UKLR") which came into force on 29 July 2024 and contained certain Transitional Provisions ("TPs") to allow issuers time to comply with the new requirements. These provisions include the obligation that the Company's articles of association (the "Articles") comply with UKLR 13.2.1R related to seeking shareholder approval to continue operations if an initial transaction has not been completed within 24 months.
On 27 June 2025, Pristine announced that it had entered into heads of terms for an initial transaction (the "Transaction"), pursuant to which the Company's securities have been suspended from trading on the Main Market of the London Stock Exchange. The Transaction would include the cancellation of the listing of its ordinary shares on the Main Market of the London Stock Exchange and admission of Pristine Capital's shares to trading on AIM. If the Transaction were to proceed, in line the Board's expectation, the Company will not amend the Articles to comply with UKLR 13.2.1R in the general meeting notice, as those provisions would become redundant once the listing of the ordinary shares on the Main Market of the London Stock Exchange is cancelled.
Pristine Capital confirms that should the Transaction not proceed, for whatever reason, the Company will undertake to include the relevant shareholder resolution, to make the necessary amendments to the Articles to comply with UKLR 13.2.1R, at the Company's next annual general meeting.
The Company will make further announcements in due course, as appropriate.
For further information please visit www.pristinecapitalplc.com or contact: