TAB Becket Invest Plc

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310

For Immediate Release

18 September 2024

Becket Invest Plc

("Becket" or the "Company")

Potential Acquisition and Suspension of Listing and Trading

Becket Invest Plc (LSE: TAB), a special purpose acquisition company formed to undertake one or more acquisitions of a target company or business is pleased to announce that it has signed heads of terms (the "HoT") to acquire the entire issued share capital of SMT Holdings Limited ("SMT").

SMT

SMT, a private limited company based in the UAE, was incorporated for the sole purpose of owning and holding various strategic metal and rare earth assets (the "Assets") which are essential in various industry sectors such as technology, aerospace and defence.

The Potential Acquisition

Pursuant to the HoT, the Company has entered into conditional heads of terms with SMT for the acquisition of the entire issued share capital of SMT. The final consideration is to be determined following confirmatory due diligence and final agreement between the respective parties ("Potential Acquisition"), such consideration to be satisfied through the issue of new ordinary shares in the Company ("Ordinary Shares").

The Potential Acquisition is conditional upon, among other things, the completion of satisfactory due diligence, the negotiation and the entry into of definitive legal documentation, any requisite third party consents being obtained and the re-admission of the Company's enlarged Ordinary Share capital to the Equity Shares (Commercial Company) segment of the Official List of the Financial Conduct Authority (the "FCA"), and readmission of the enlarged Ordinary Share capital) ("Readmission") to the London Stock Exchange's (the "LSE") Main Market for listed securities. It is also anticipated that the Proposed  Acquisition would be accompanied by an issue of new Ordinary Shares to finance the ongoing activities of the enlarged Company.

Suspension of Ordinary Shares

Due to the nature of the Potential Acquisition, it will constitute an initial transaction under the UK Listing Rules since, inter alia, it will result in a fundamental change in the business of the Company.

The Company has requested to the FCA that the listing of its Ordinary Shares on the FCA Official List is suspended with effect from 07:30 a.m. today under Rule 21.3 of the UK Listing Rules, until the Company publishes a prospectus in relation to the Potential Acquisition, or it being announced that the Potential Acquisition will not proceed.

As the Potential Acquisition will be an initial transaction under the UK Listing Rules, on completion of the Potential Acquisition, the Company's listing on the Equity Shares (Shell) category of the Official List of all existing Ordinary Shares will be cancelled. Application will need to be made to the FCA and the LSE for the immediate readmission of the Ordinary Shares, including the currently issued Ordinary Shares and those new shares issued as consideration for the Proposed Acquisition, to the Equity Shares (Commercial Company) category of the Official List and to trading on the LSE's Main Market for listed securities.

The Company will provide further information in due course.

**ENDS**

Enquiries

This announcement contains information which, prior to its disclosure, was inside information for the purpose of the Market Abuse Regulation