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More Acquisitions PLC ( (GB:PRIS) ) has shared an announcement.
Pristine Capital PLC has announced the signing of non-binding heads of terms for the acquisition of a regional property portfolio in the UK valued at approximately £20 million. The acquisition, involving three office properties, aims to generate income and support a dividend yield of no less than 8% for shareholders. The transaction will be financed through a mix of equity and debt, and will result in the company transitioning its listing from the Main Market of the London Stock Exchange to AIM. Trading of the company’s shares has been temporarily suspended pending the completion of the acquisition.
More about More Acquisitions PLC
Pristine Capital PLC is a Main Market cash shell focusing on the real estate sector, primarily dealing with property acquisitions and investments.
Average Trading Volume: 1,456,401
Technical Sentiment Signal: Sell
For an in-depth examination of PRIS stock, go to TipRanks’ Overview page.