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Spiritus Mundi plc announced on 3 February 2025 a delay in publishing its audited Annual Report and Financial Statements for the financial year ended 30 September 2024, which were expected by 31 January 2025. The company is now pursuing solely the acquisition of Restalyst Pte. Ltd., expected to complete in H1 2025, and is seeking additional funds to facilitate this transaction and the report's publication. Trading in Spiritus Mundi's shares has been suspended since 6 March 2024.
| Date | 3 Feb 2025 |
| Time | 07:00:06 |
| Category | Miscellaneous |
| ID | 5557V |
3 February 2025
Spiritus Mundi plc
("Spiritus Mundi" or the "Company")
Update on 2024 Annual Report and Financial Statements and Proposed Acquisition
Spiritus Mundi plc, (LSE:SPMU), the Special Purpose Acquisition Company (SPAC) seeking to acquire targets in Europe and Asia in the clinical diagnostics sector, announces a delay to the publication of its audited Annual Report and Financial Statements for its financial year ended 30 September 2024 (the "2024 Annual Report and Accounts"), which were expected to be published by 31 January 2025.
The Company will publish its Annual Report and Accounts for the year ended 31 December 2024 as soon as practicable.
Further to announcement of 6 March 2024, the Board notes that the Company is now pursuing the acquisition of Restalyst Pte. Ltd., solely, which it expects to complete in H1 2025. The Company is seeking to raise additional funds to facilitate the completion of this transaction and the publication of its 2024 Annual Report and Accounts on a going concern basis.
It is noted that there can be no guarantee that additional funds can be raised or that the Proposed Acquisition will be successfully completed. If the Proposed Acquisition does not complete for any reason, it is expected that the suspension of the Company's listing will be lifted, subject to FCA approval, and trading in the Company shares will recommence.
Notwithstanding the ongoing suspension of trading in the Company's ordinary shares on 6 March 2024, the Company will continue to make announcements as and when there are any developments that require announcement in accordance with its obligations under the Listing Rules.
For further information please contact:
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Spiritus Mundi plc |
Via IFC |
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Zaccheus Peh (Non-Executive Chairman) Tim Metcalfe (Non-Executive Director)
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Strand Hanson Limited (Financial Adviser) |
+44 (0) 20 7409 3494 |
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James Harris / James Bellman / Abigail Wennington
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IFC Advisory Limited (Financial PR and IR) |
+44 (0) 203 934 6630 |
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Graham Herring, Florence Chandler |
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU No. 596/2014) which is part of UK law by virtue of the European Union (withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.