Amala Foods Plc Share News (DISH)

IN BRIEF: Amala Foods says planned takeover of Dialysis progressing

Amala Foods PLC - cash shell - Says planned reverse takeover of Dialysis Care Plus Inc, as announced in early November, is progressing, adding that some regulatory consents are still outstanding. Says there can be no guarantee that the proposed reverse takeover will be concluded. The company says it is "confident" that the takeover will be concluded before the end of the first quarter of 2024.

IN BRIEF: Amala expects to complete reverse takeover in early 2024

Amala Foods PLC - cash shell - Says planned reverse takeover of Dialysis Care Plus Inc, as announced in early November, is progressing, and that it is confident it will complete the transaction before the end of the first quarter of 2024. Shares will remain suspended while the transaction is ongoing. Says, nothwithstanding the combined market capitalisations of the target and the company being anticipated to be less than GBP30 million, as Amala was deemed to be a cash shell immediately before December 3, 2021, it falls within the scope of the transitional provisions according to listing rules. Also notes there remain "a number of regulatory consents unrelated to the post transaction market capitalisation that are normal for a transaction of this type that need to be obtained prior to the proposed reverse rakeover being concluded." Says: "Therefore, there can be no guarantee that the proposed reverse takeover will be concluded". Says it will update the market in "due course".

EARNINGS AND TRADING: MetalNRG hails Gold Ridge findings

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

EARNINGS SUMMARY: Great Southern loss widens, Walkers Crips profit up

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

IN BRIEF: Amala Foods reviews reverse takeover options

Amala Foods PLC - cash shell - Further to announcement of April 19, says the company has been reviewing several potential transactions and has prepared a shortlist of reverse takeover opportunities in various sectors including healthcare, natural resources, and technology. Points out it has sufficient funding to undertake a reverse takeover.

Amala Foods shares re-admitted as considers potential takeover

(Alliance News) - Amala Foods PLC on Wednesday confirmed that its shares have been re-admitted to trading on the Standard segment of London's Main Market, but it is considering a reverse takeover so a suspension may loom.

TRADING UPDATES: Parkmead profit hurt by impairment; Shearwater warns

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

EARNINGS SUMMARY: Dignity swings to loss; Restaurant Group loss widens

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

Amala Foods cancels agreement with Terra Rara on lengthy due diligence

(Alliance News) - Amala Foods PLC on Friday said that it has terminated a proposed transaction with Terra Rara UK Ltd, after identifying administrative issues with the company's mining assets through due diligence.

UK shareholder meetings calendar - next 7 days

Amala Foods agrees to buy rare earth elements company Terra Rara UK

(Alliance News) - Amala Foods PLC on Monday said it has agreed to buy Terra Rara UK Ltd wholly in shares.

IN BRIEF: Amala Foods says will complete rare earths acquisition soon

Amala Foods PLC - Jersey-based food technology firm formerly known as BigDish - Says sales and purchase agreement for transaction with Terra Rara UK Ltd will be executed "in the near term". This follows previous announcements that it will repurpose its public listing with the acquisition of Terra Rara, a rare earth elements company.

SMALL-CAP WINNERS & LOSERS: James Fisher withholds shareholder payout

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

TRADING UPDATES: Eden Research, Abingdon guide for weaker results

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

CORRECT: SMALL-CAP WINNERS & LOSERS: McKay Securities surges on offer

(Correcting 2020 revenue figure for Foxtons.)