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Thursday, August 20, 2020 / 2:10 PM / NSE / Header Image Credit: Ellah lakes
Ellah Lakes Plc (the
Company) announces today that it has entered into exclusive discussions with a
counterparty regarding a potential transaction between the two parties. The
potential transaction relates to the purchase of 100% of the shares of an oil
palm processing Company with substantial assets in Delta State.
Though a binding term sheet
has been agreed, the completion of the proposed transaction is subject to
regulatory approvals and execution of a definitive agreement. Ellah Lakes Plc
will update the market appropriately and in accordance with its disclosure
obligations.
Accordingly, shareholders
are advised to exercise caution when dealing in the securities of Ellah Lakes
Plc until a full announcement is made.
Visit Ellah Lakes Plc IR Page in Proshare MARKETS
Graph - One Year Share Price Movement
Table: Q3 2020 Unaudited Results
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