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Pin to quick picksDar Global Share News (DAR)

Share Price Information for Dar Global (DAR)

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Share Price: 3.73
Bid: 3.68
Ask: 3.80
Change: 0.00 (0.00%)
Spread: 0.12 (3.261%)
Open: 3.73
High: 0.00
Low: 0.00
Prev. Close: 3.73
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Dorcaster offering $23.5m for Escape Hunt Group

Fri, 18th Nov 2016 08:42

(ShareCast News) - Dorcaster announced on Friday that it has entered into an exclusivity agreement which provides it with the exclusive right to negotiate for the acquisition of the entire issued share capital of Escape Hunt Group, which it described as a leading global provider of live 'escape the room' and 'exit game' experiences.The company said any acquisition would be subject to satisfactory due diligence, agreement of definitive documentation in connection with the acquisition, funding and requisite shareholder consent.It said the exclusivity agreement has been entered into by the company and the shareholders of Escape Hunt.The consideration for the acquisition is expected to be partly in cash and partly in new ordinary shares of 1.25p each, representing $23.5m on a cash, debt and tax free basis.Dorcaster said it also intends to issue New Shares for working capital to fund future growth of the business should the acquisition complete.As the Acquisition would constitute a reverse takeover under the AIM Rules and would be conditional on the approval of Dorcaster shareholders at a general meeting, the placing of new shares and subsequent re-admission of the company's enlarged share capital to trading, Dorcaster has requested an immediate suspension of trading in its shares.The board said the suspension would be in place until such time that: it has published the admission document, negotiations in relation to the proposed Acquisition have been terminated, or the period of exclusivity granted to the company has expired."We are delighted to have entered into this exclusivity agreement in relation to the proposed acquisition of Escape Hunt, a leading global provider of escape games," said non-executive chairman Richard Rose."The business has a strong management team with extensive skill and knowledge of the sector and we look forward to working with them through the next phase of the acquisition and if successful, to expand the business going forward."
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1 Mar 2024 13:34

EARNINGS AND TRADING: Dar Global celebrates "outstanding" year

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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26 Jan 2024 09:28

Dar Global 2023 earnings to be "materially ahead" of consensus

(Alliance News) - Dar Global PLC on Friday said it expects its 2023 results to top market expectations, as it enjoyed "continued positive momentum across a number of areas".

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13 Nov 2023 14:28

TRADING UPDATES: Dar Global sees "opportunity" in Saudi Arabia

(Alliance News) - The following is a round-up of trading updates by London-listed companies, issued on Monday, and not separately reported by Alliance News:

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29 Sep 2023 10:09

CORRECT (Sep 28): Dar Global first-half profit multiples

(Correcting that Dar Global's financial results were in US dollars.)

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28 Sep 2023 14:24

EARNINGS: Dar Global profit multiplies, Hemogenyx loss widens

(Alliance News) - The following is a round-up of earnings updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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30 Aug 2023 14:46

Dar Global partners with Missoni on Spanish development project

(Alliance News) - Dar Global PLC on Wednesday said that it has partnered with Missoni to launch Marea, interiors by Missoni, an exclusive residential development project in the south of Spain.

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9 Aug 2023 21:06

IN BRIEF: Premier African Minerals increases loan facility with Roach

Premier African Minerals Ltd - Zimbabwe-focused tungsten producer - Says it previously entered a loan facility agreement with George Roach for up to GBP1.7 million, but has on Wednesday agreed to increasing its size to GBP2 million, and to waive any interest on a repayment of the facility in cash.

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9 Aug 2023 18:22

IN BRIEF: Dar Global CFO Iyer steps down as executive director

Dar Global PLC - Luxury international real estate developer - Says that Shivaraman Iyer has stepped down from the board as an executive director of the company with effect from August 8. Iyer will continue in his role as chief financial officer, and will also remain part of the company's executive management team.

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30 May 2023 21:54

IN BRIEF: Dar Global agrees loan facility with Emirates

Dar Global PLC - luxury international real estate developer - Announces that its UAE-based wholly owned subsidiary has signed an AED750 million, around USD204 million, secured term loan facility with Emirates NBD. Envisages using proceeds from the facility for future asset acquisitions and general corporate purposes as the group continues to build its international portfolio of luxury second home and leisure developments in desirable locations across Europe and the Middle East.

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26 Apr 2023 18:45

TRADING UPDATES: Ecora portfolio additions up, Gem Diamonds carats up

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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28 Mar 2023 14:20

Dar Global launches USD2.4 billion luxury golf development in Oman

(Alliance News) - Dar Global PLC on Tuesday announced the launch of sales for a mixed-use gated community located in Muscat, Oman called Aida, featuring a "Trump golf course".

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28 Feb 2023 12:22

Dar Global starts trading on London Stock Exchange Main Market

(Alliance News) - Dar Global PLC shares inched higher on Tuesday after it debuted on the Main Market of the London Stock Exchange.

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8 Jul 2016 07:16

Dorcaster Shares Nudge Higher As They Start Trading On AIM (ALLIPO)

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