Rowsley Ltd (ROWS.SI)
26 May 2017
Latest Key Developments (Source: Significant Developments)
May 23 (Reuters) - Rowsley Ltd.
Rowsley Ltd: Signed an agreement to operate a new café football at Manchester-based museum later this year. . It will partner UK's national football museum in a move that will boost strategy to operate more football-themed cafes and hotel .Company has also entered into joint venture agreements to invest in St. Michael's. Full Article
Rowsley Ltd:Under the JVA, the company will invest approximately £40 million for a 75% stake in the joint venture company.Entered into a joint venture agreement with Gary Neville, Ryan Giggs and bcegi company limited.Transaction is not expected to have any material impact on earnings per share for the financial year ending 31 December 2015. Full Article
Rowsley Ltd:Unit RSP Architects Planners & Engineers Ltd entered into sale and purchase agreement with certain individuals.Says acquisition is financially profitable and is expected to be immediately earnings-accretive.Says aggregate initial consideration for the acquisition is s$20.6 million.Says RSP Singapore has acquired the entire issued and paid-up share capital of venture India pte. ltd.Deal not expected to have material impact on NTA or EPS of group for current financial year ending 31 December 2015.No summons has been issued to rsp India in respect of the criminal complain.Pleadings have closed in respect of the approval petition" in respect of rsp India litigation.Says penalties or fines are not expected to have a material adverse impact on the financial position of Rowsley.Acquisition wholly satisfied in cash; funded partly from co's internal resources and partly from proceeds arising from s$100 million notes issue. Full Article
* Unit entered into a conditional sale and purchase agreement with grace young Kok Inn And Tan Meow Hwa