Update on the acquisition of Brazilian properties

RNS Number : 5277R

Vordere PLC

29 October 2019

 

29 OCTOBER 2019

VORDERE PLC

("Vordere" or the "Company")

Update on shares in relation to the acquisition of Brazilian properties

On 23 October 2019, the High Court of Justice granted Mr John O'Donnell, a shareholder of the Company, an interim injunction to the effect that, inter-alia, the Company is prohibited from registering in its register of members any transfer of the 129,227,975 ordinary shares which were the subject of a purported share allotment made on or around 21 October 2019 (the "Share Allotments").

Full details of the RNS announcement from 21 October 2019 can be found on the link below:

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/VOR/14274072.html)

The ordinary shares the subject of the Share Allotments were purportedly allotted to the seller of certain properties to the Company, namely Ritz Property Investimentos Imobiliarios Eireli, and certain other parties, namely Aurora Capital Limited and GFG-UK-Limited. 

The Company will continue to update the market as this matter progresses. 

For further information, please contact:

Vordere PLC
Claire Jackson, Vistra Company Secretaries Limited
[phone]

Peterhouse Capital Limited

Lucy Williams / Duncan Vasey

[phone]

 LEI number of Vordere PLC: 213800VALWEYWTLOX423

 

END

 

 

FURMLBFTMBTTBML