Inactive Instrument

Best of the Best PLC

BEST

GB00B16S3505

Globe Invest holds 79% of Best of the Best, seeks delisting

July 13, 2023 at 01:04 pm EDT

Best of the Best PLC - London-based operator of weekly online raffle competitions - Globe Invest Ltd, the investment company of Teddy Sagi, now owns just over 59% of Best of the Best plus irrevocable undertakings for a further 20%, up from around 39% on June 29. Including undertakings from other shareholders, Globe Invest's takeover bid has the backing of a shade over 79% of investors. A mandatory offer to buy the remainder of the shares at 535 pence each will be open for not less than 21 days. Globe Invest now intends to ask Best of the Best to apply for the cancellation of its shares on AIM.

Current stock price: 533.45 pence

12-month change: up 11%

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Best of the Best PLC

Infrastructure India extends maturity dates on debt	23-08-31	AN
Best of the Best Suitor Achieves Necessary Acceptances for Takeover Offer	23-08-31	MT
Globe Invest buy of Best of the Best reaches nearly 97% acceptances	23-08-07	AN
Globe Invest Amasses Nearly 97% of Best of the Best as Buyout Bid Reaches Initial Closing	23-08-07	MT
Best of the Best plc to Delist in London as Globe Invest's Bid Nears Closing	23-07-26	MT
Best of the Best to be delisted as offer at 80% acceptances	23-07-26	AN
Globe posts offer documents to Best of the Best shareholders	23-07-14	AN
Globe Invest holds 79% of Best of the Best, seeks delisting	23-07-13	AN
Globe Invest Raises Best of the Best Stake Above 72%	23-07-06	MT
Globe Invest Declares Proposed Takeover of Best of The Best as Mandatory Offer	23-06-30	MT
Sagi's Best of the Best takeover bid now mandatory offer	23-06-29	AN
Globe Invest Makes GBP45 Million Cash Offer to Buy Best of the Best plc	23-06-20	MT
Stocks lower with eyes on UK inflation numbers	23-06-20	AN
Best of the Best receives GBP45.3 million takeover offer	23-06-20	AN
Best of the Best PLC Reports Earnings Results for the Full Year Ended April 30, 2023	23-06-20	CI
Teddy Sagi agreed to acquire remaining 70.1% stake in Best of the Best PLC (AIM : BOTB) from group of sellers for £31.4 million.	23-06-19	CI
TRADING UPDATES: Empresaria eyes annual operating profit to double	23-01-26	AN
Best of the Best PLC Reports Earnings Results for the Half Year Ended October 31, 2022	23-01-26	CI
IN BRIEF: Best of the Best to finalise Globe contract by end of 2022	22-11-23	AN
Shenzhen Best of Best to Use IPO Funds for Subsidiaries	22-11-03	MT
Chinese Shares Sink to Fresh Two-Year Lows; One of Three Debutants Slide	22-10-31	MT
Electronics Distributor Shenzhen Best of Best Rises 32% in Shenzhen Debut	22-10-30	MT
Best of The Best Names New Nonexecutive Chair	22-09-28	MT
Best of the Best PLC Announces Board Changes	22-09-28	CI
Best of the Best PLC acquired 29.9% stake in Globe Invest Limited.	22-09-27	CI

Chart Best of the Best PLC

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Company Profile

Best of the Best Plc is a United Kingdom-based company, which is engaged in operating weekly competitions to win luxury cars and other prizes online. The Company's competitions are Weekly Dream Car and Midweek Lifestyle Competitions. Both competitions offer the opportunity to win brand new cars, with the former operating via Spot the Ball and the latter via a suitably skill-based question. The winner is selected at random from all correct entries at the end of the competition. Midweek Lifestyle Competition features a more focused selection of lower-value cars, top-end motorbikes, luxury watches, holidays, top technology, and cash prizes. The Company's Dream Car competition offers a choice of approximately 200 models, combined with the ability to add up to Â£50,000 in cash with prize. The Company's bike prizes include brands, such as Harley-Davidson, Kawasaki, Ducati, Aprilia, Triumph, KTM, Yamaha, Royal Enfield, and Suzuki.

Sector

Casinos & Gaming

Calendar

2024-06-18 - Q4 2024 Earnings Release (Projected)

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