LONDON - Roebuck Food Group PLC (AIM: RFG), a company engaged in the food and agribusiness sectors, announced on Thursday that its shareholders have approved the acquisition of Glasport Bio Ltd and Glasport Rumen Tech Ltd. The extraordinary general meeting held today also gave the green light to a new share placing and subscription connected to the deal.
The agreement to acquire shares in the two companies was initially made public on December 13, 2024. With today’s shareholder approval, the company has confirmed that the new ordinary shares involved in the placing and subscription have been allotted and issued. These shares are set to be admitted to the AIM market on Friday, January 24, 2025.
The completion of the acquisition is scheduled for January 31, 2025. Following the admission of the new shares, significant shareholders will include Premier Miton Group plc, Sean O’Driscoll with a 7.66% stake, EDCCU UC at 6.62%, Nanook Investments Ltd holding 6.5%, the Estate of Ted O’Neill deceased at 4.8%, and T.B. Mantor AS with 3.74%.
In addition to the shareholder changes, the company disclosed the post-admission shareholdings of its directors. Kieran Mahon will hold 2,613,074 shares (2.6%), Sean Savage will possess 1,628,121 shares (1.6%), and Aidan Hughes will have 950,370 shares (0.9%).
The directors of Roebuck Food Group have taken responsibility for this announcement, which is based on a press release statement. The company’s move to expand its shareholdings in the two firms is a significant step in its growth strategy within the food and agribusiness industry.
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