29 Oct 2019 16:24
29 OCTOBER 2019
VORDERE PLC
("Vordere" or the "Company")
Update on shares in relation to the acquisition of Brazilian properties
On 23 October 2019, the High Court of Justice granted Mr John O'Donnell, a shareholder of the Company, an interim injunction to the effect that, inter-alia, the Company is prohibited from registering in its register of members any transfer of the 129,227,975 ordinary shares which were the subject of a purported share allotment made on or around 21 October 2019 (the "Share Allotments").
Full details of the RNS announcement from 21 October 2019 can be found on the link below:
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/VOR/14274072.html)
The ordinary shares the subject of the Share Allotments were purportedly allotted to the seller of certain properties to the Company, namely Ritz Property Investimentos Imobiliarios Eireli, and certain other parties, namely Aurora Capital Limited and GFG-UK-Limited.
The Company will continue to update the market as this matter progresses.
For further information, please contact:
Vordere PLCClaire Jackson, Vistra Company Secretaries Limited+44 (0) 117 918 1314
Peterhouse Capital Limited
Lucy Williams / Duncan Vasey
+44 (0)20 7469 0936
LEI number of Vordere PLC: 213800VALWEYWTLOX423