Best of the Best PLC (AIM:BOTB) has been pleased to note a heightened level of interest in the Company following its announcement of the results for the year ended 30 April 2020. This has included very preliminary expressions of interest which could potentially lead to an offer or offers being made for the Company. The Board of BOTB has confidence in the long term prospects for the Company but believes that it is in the best interest of all stakeholders to explore possible strategic options for the business (including a potential sale) by commencing a "formal sale process". The Board believes that the FSP framework will, in the context of a publicly listed company, best facilitate engagement with potential partners and the assessment of these expressions of interest. The Board will assess the merits of expressions of interest received pursuant to the FSP but wishes to be clear that there can be no certainty that any offer will be forthcoming or the terms of any such offer. The Board has appointed Oakvale Capital LLP ("Oakvale") as its financial adviser with regard to the FSP and FinnCap Ltd. as Rule 3 adviser.