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Sale of investment

15 Feb 2021 11:51

RNS Number : 1302P
All Active Asset Capital Limited
15 February 2021
 

 

15 February 2021

All Active Asset Capital Limited

('AAA' or 'the Company')

Sale of investment

 

AAA has agreed terms to sell the Company's 7% interest ('Interest') in Allure Group Co., Ltd. ('Allure') to Oxbow Enterprise Limited, an existing shareholder of AAA, for a cash consideration of £100,000 ('the Sale').

Allure is the holding company for Myanmar Allure Group Co., Ltd ('MAG'), which owns and operates the Allure Resort, a hotel in Myanmar. The book value of the Interest in AAA's latest unaudited financial statements was £150,000, reflecting the Directors' assessment of MAG's future prospects. It is anticipated that completion of the Sale will occur before the end of February 2021. The net proceeds from the Sale will be used for the general working capital purposes of the Company.

The Company's Interest in Allure is a legacy investment, held since 2013. The Sale will allow AAA to focus on its core investments, including a convertible loan in MESH Holdings plc and an option, exercisable under certain conditions, to acquire up to €125 million of equity in AAQUA B.V.

 

 

For further information:

All Active Asset Capital Limited

James Normand, Non-Executive Chairman

Rodger Sargent, Executive Director

www.aaacap.com 

 

Allenby Capital Limited (Nominated Adviser and Broker)

Alex Brearley / Nick Athanas

T: +44 (0) 203 328 5656

www.allenbycapital.com 

 

Buchanan (Financial PR)

Richard Oldworth / Chris Lane / Toto Berger

T: +44 (0) 207 466 5000

E: AAAC@buchanan.uk.com

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Date   Source Headline
30th Jul 20217:00 amRNSCancellation - All Active Asset Capital Limited
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23rd Jul 202110:57 amRNSReplacement Form 8.3 - KRD - All Active Asset Cap
23rd Jul 202110:34 amRNSStatement regarding possible offer for Audioboom
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22nd Jul 20217:00 amRNSResponse to proposal from AAA
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19th Jul 202111:50 amRNSStatement re proposal from AAA
19th Jul 202110:46 amRNSResult of Extraordinary General Meeting
19th Jul 20218:27 amRNSReplacement: possible acquisition of Audioboom
19th Jul 20217:00 amRNSResignation of Nominated Adviser and Broker
19th Jul 20217:00 amRNSStatement: possible acquisition of Audioboom Group
9th Jul 20217:00 amRNSResults for the year ended 31 December 2020
5th Jul 20211:20 pmRNSBlock admission six monthly return
2nd Jul 20217:00 amRNSProposed Placing, Acquisition and Cancellation
30th Jun 202112:53 pmRNSStatement re. accounts for year ended 31 Dec 2020
16th Jun 202112:47 pmRNSProposed placing, proposed acquisition and update
4th May 20217:00 amRNSTotal Voting Rights
29th Apr 20213:30 pmRNSSuspension of trading on AIM
29th Apr 20213:20 pmRNSSuspension - All Active Asset Capital Limited
28th Apr 202111:05 amRNSSecond Price Monitoring Extn
28th Apr 202111:00 amRNSPrice Monitoring Extension
26th Apr 20212:30 pmRNSIntention to appoint two senior executives
22nd Apr 20211:45 pmRNSHolding(s) in Company
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18th Mar 20213:24 pmRNSCompletion of initial exercise of AAQUA option
12th Mar 202110:38 amRNSHolding(s) in Company
9th Mar 20211:49 pmRNSUpdate on MESH and AAQUA acquisition of Sentiance
5th Mar 202111:37 amRNSHolding(s) in Company
2nd Mar 202110:09 amRNSInitial exercise of AAQUA option
1st Mar 20217:00 amRNSTotal Voting Rights
26th Feb 20213:33 pmRNSHolding(s) in Company
26th Feb 20217:00 amRNSHolding(s) in Company
24th Feb 202112:03 pmRNSHolding(s) in Company
23rd Feb 20217:00 amRNSNon-Executive Director appointment
19th Feb 20212:11 pmRNSNotification of Major Holdings
19th Feb 20217:00 amRNSBlock admission application

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