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 on June 20, 2023. William Hindmarch, Phillipa Hindmarsh, Rupert Garton, Michael Hindmarch, Ben Hughes, Sofie Hughes, Daniel Burns, David Firth, Kate Warburton, Julian Tolhurst, Carole O'Neill, Janet Kennedy, Ben Hughes and Vikki Adair-Wright given the under taking for the offer. Under the terms, £5.35 will be paid in cash as per the transaction. Teddy Sagi has committed bank financed by a loan facility which has been provided to by Eurobank Cyprus Ltd to satisfy the full cash consideration. payable to BOTB Shareholders. under the terms of the Offer. The offer has been unanimously recommended by BOTB Directors and recommends that BOTB Shareholders accept the Offer. Offer is conditional upon having acceptance of 50% of voting rights. As of July 6, 2023, GIL acquired 0.73 million shares of Best of the Best PLC through the market on June 29, 2023. Furthermore, GIL acquired 1.15 million BOTB Shares at the Offer Price of £5.35 per BOTB Share and now owns, in the aggregate, 4.38 million BOTB Shares, representing approximately 52.44% of BOTB's issued share capital. The offer became unconditional. As on July 26, 2023 additional 1,547,89 4BOTB Shares, representing approximately 18.29% have been tendered. Offer is still open till August 14, 2023. As GIL has now acquired or unconditionally agreed to acquire BOTB Shares carrying 75 per cent. or more of the voting rights of BOTB, GIL has formally requested, per its intentions set out in the Offer Document, that the BOTB Board make an application to the London Stock Exchange for the cancellation of the admission to trading of BOTB Shares on AIM. As of August 7, 2023, GIL received valid acceptances for 3,090,986 BOTB Shares (36.53% of the total). With irrevocable undertakings, GIL's interest could reach 96.77% (8,187,905 Shares) on August 4, 2023. Offer will remain open for acceptance until August 30, 2023. As over 90% of BOTB Shares have valid acceptances, Globe Invest plans to compulsorily acquire the remaining BOTB Shares. Delisting is expected to occur on August 24, 2023.

Phil Davies and Asha Chotai of Singer Capital Markets Advisory LLP acted as financial advisor to Globe Invest Limited. Carl Holmes of finnCap Limited acted as financial advisor to Best of the Best plc. Bird & Bird LLP is acting as legal adviser to Globe Invest Limited and Winston & Strawn London LLP acted as legal advisor to BOTB and Computershare Investor Services as receiving agent to BOTB.