16 Apr 2021 15:21
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
Â
("Arena" or the "Company")Â
Â
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 Greg Lawless (CEO) Steve Trowbridge (CFO) Â Cenkos Securities (Nomad and Broker) | Â Via Alma PR Â Â +44(0)207 397 8900 |
Max Hartley, Max Gould (Corporate Finance) Julian Morse (Sales) | Â |
 |  |
 Alma PR (Financial PR) |  +44(0)203 405 0205 |
Â