Everest Global Plc Sale of minority shareholding of Dynamic Intertrade Agriculture

 
TIDMEVST 
 
20 July 2023 
 
Everest Global plc 
("EG" or the "Company") 
 
Sale of minority shareholding of Dynamic Intertrade Agriculture 
 
As stated in the Company's results for the year ended 31 October 2021, the 
Directors had committed to the sale of its 46.8% equity stake in Dynamic 
Intertrade Agriculture (Pty) Ltd ("DIA"). As such, the investment has been held 
in the balance sheet of the Group as an asset held for sale since that decision 
was made. 
 
The Company is pleased to announce that it has now reached agreement with Athena 
Trading Worldwide Limited, a private company, for the sale of its 46.8% stake in 
DIA, for a consideration of £15,384.62, payable in cash on completion The 
contractual completion date is 31 July 2023. 
 
This announcement contains inside information for the purposes of Article 7 of 
EU Regulation 596/2014 (which forms part of domestic UK law pursuant to the 
European Union (Withdrawal) Act 2018). 
 
The Directors of the Company take responsibility for the contents of this 
announcement. 
 
For further information please contact the following: 
 
Everest Global plc 
 
Andy Sui, Chief Executive        +44 (0) 776 775 1787+27 (0)84 6006 001 
OfficerRob Scott, Non-Executive 
Director 
 
Cairn Financial Advisers LLP 
Jo Turner / Emily Staples        +44 (0) 20 7213 0885 / +44 (0)20 7213 0897 
 
 
This information was brought to you by Cision http://news.cision.com 
 
 
END

(END) Dow Jones Newswires

July 20, 2023 05:22 ET (09:22 GMT)

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