Nichirei Holding Holland B.V. signed a share transfer agreement to acquire Norish (N.I.) Limited from Norish Plc (AIM:NSH) for ?65.7 million on September 30, 2021. Following the Disposal, it is planned to change the name of Norish Plc to Roebuck Food Group plc. For the year ended December 31, 2020 Norish (N.I.) Limited generated revenue of ?14.6 million, Operating profit of ?3.008 million, profit after tax of ?2.3 million and had net assets of ?12.1 million. Transaction is conditional on shareholder approval of Norish Plc. The Directors of Norish Plc unanimously recommend that all shareholders vote in favour of the resolution, as they intend to do so in respect of their own beneficial holding. As of October 20, 2021, shareholders of Norish Plc have approved the transaction. Transaction is expected to close in end of October 2021. The transaction is expected to be closed on October 27, 2021. Proceeds of approximately ?50 million of the consideration received will be paid to shareholders by way of a return of capital, particulars of which will be announced in due course following completion of the Disposal. The balance of the proceeds of the disposal will be retained for the payment of fees and exceptional charges arising from the transaction and for general corporate purposes of Norish Plc and its subsidiaries. GCA Altium Limited acted as financial advisor to Norish.