Arena Events Group PLC Aztec Shaffer Bid Update (7843V)
April 16 2021 - 9:21AM
UK Regulatory
TIDMARE
RNS Number : 7843V
Arena Events Group PLC
16 April 2021
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF EU REGULATION 596/2014 (AS AMENDED) (WHICH FORMS
PART OF DOMESTIC UK LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL)
ACT 2018) ("EUWA")). UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA
A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW
CONSIDERED TO BE IN THE PUBLIC DOMAIN.
16 April 2021
ARENA EVENTS GROUP PLC
("Arena" or the "Company")
Aztec Shaffer Bid Update
Arena Events Group plc (AIM: ARE) is pleased to announce that,
further to the announcement on 14 April 2021, NewCo's bid for Aztec
Shaffer, of which Arena is a party, has today been approved at the
sale hearing at the United States Bankruptcy Court for the Southern
District of Texas.
Arena and the Co-Bidders will now move to complete the Aztec
Shaffer acquisition, with completion expected by the end of April.
This will include the payment of Arena's equity contribution of
$3.35 million for its 50% equity stake in NewCo.
Defined terms in this announcement shall have the same meaning
as those in the RNS release on 29 March 2021.
Enquires:
Arena Events Group plc Via Alma PR
Greg Lawless (CEO) +44(0)207 397 8900
Steve Trowbridge (CFO)
Cenkos Securities (Nomad and
Broker)
Max Hartley, Max Gould (Corporate
Finance)
Julian Morse (Sales)
Alma PR (Financial PR) +44(0)203 405 0205
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END
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