Recovery of Costs from Amcomri Group Limited

Rockpool Acquisitions PLC

28 August 2024

 

Press release

28 August 2024

The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014 which is part of domestic UK law pursuant to the Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310) ("UK MAR").  Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain. 

Rockpool Acquisitions Plc

("Rockpool" or "the Company")

Recovery of Costs from Amcomri Group Limited

The Company announced on 24 April 2024 that it had received notice from the Amcomri shareholder group led by Amcomri Holdings Limited that they were withdrawing from the proposed acquisition (the "Proposed Transaction") by Rockpool of the entire issued and to be issued share capital of Amcomri Group Limited ("Amcomri").  

As set out in that announcement, under the provisions of the heads of terms entered into in relation to the acquisition, if any of the Amcomri shareholders withdraw from the Proposed Transaction, except in certain circumstance which do not apply in this case, Amcomri is obliged to reimburse the Company for all reasonable costs, fees, disbursements and expenses which have been incurred by Rockpool in connection with its investigation, evaluation, pursuit and negotiation of the Proposed Transaction.  In the Chairman's statement dated 27 June 2024 forming part of the 2024 Annual Report and Financial Statements, it was stated that a request had been made to Amcomri for reimbursement of those costs which amounted to £543,000 and that no written response had been received from them. 

The Company has now received a formal response from Amcomri disputing the amount due from them and offering the sum of £370,000 in final settlement of its liability.  The Company intends to pursue recovery of the full amount of £543,000 and has instructed its lawyers to write to Amcomri to that effect.

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For further information please contact:

Rockpool Acquisitions Plc
Mike Irvine, Non-Executive Director	[e-mail] www.rockpoolacquisitions.plc.uk

Abchurch (Financial PR)
Julian Bosdet	Tel: [phone] [e-mail]

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