Update: Scheme of Arrangement
BELO HORIZONTE, Brazil, July 21, 2022 (GLOBE NEWSWIRE) -- Verde AgriTech Plc (TSX: “NPK”) (OTCQB: “AMHPF”) (the “Company” or “Old Verde”) announces that the UK Court hearing, in London, UK (the “Scheme Court Hearing”), to sanction the scheme of arrangement proposed as described in the circular filed on SEDAR by the Company on June 14, 20221 (the “Circular”)2 (the “Scheme” or “Scheme of Arrangement”) was adjourned. The UK Court (the “Court”) adjourned the hearing in order to allow the Company time to address a technical issue with the execution of the Scheme once approved. The Court has not refused the Scheme.
The Company will issue a further announcement when the adjourned Scheme Court Hearing is relisted. In the meantime, the Company continues to be traded in the normal way.
The Toronto Stock Exchange has conditionally approved the redomicile of the Company and the listing of the shares of New Verde, subject to the satisfaction of certain customary conditions. The New Verde Shares will trade on the TSX and the OTCQB under the symbols NPK and AMHPF, respectively.
GENERAL
Note that capitalised terms used in this announcement, but not defined, have the same meaning as in the Scheme Circular.
For further information, please consult the Circular filed on SEDAR by the Company on June 14, 2022: investor.verde.ag
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