Offer for Cindrigo Limited – Lapse to Extended Longstop Date
Challenger Acquisitions Limited (LSE: CHAL) announces that following discussions with Cindrigo Energy Limited (‘CEL’) and Cindrigo Limited (together ‘Cindrigo’) the Offer made to certain
shareholders of CEL has lapsed on the extended Longstop Date of 26th February 2021. The Offer was made to certain shareholders of CEL, on 31 August 2020 (the ‘Offer’), for the shares in Cindrigo Limited that CEL shareholders would have acquired pursuant to a Plan of Arrangement (‘PoA’), relating to CEL pursuant to the laws of British Columbia, Canada. Cindrigo is part of a group of companies pursuing renewable energy projects built on broad Swedish expertise and experience in the waste to energy and biomass energy sector.
A copy of the announcement can be downloaded HERE