Client NewsEast Imperial plc: Bermele Interim
During this period of six months from 1 January 2021 to 30 June 2021, the company agreed to acquire East Imperial Pte Ltd (the Acquisition) for an aggregate consideration of £24.45 million by way of a reverse takeover. This transaction took place on 19 July 2021. On that date the company changed its name to East Imperial PLC and its ticker to EISB.
The company (previously Bermele Plc) now operates as East Imperial Plc as of the 19 July 2021. This report does not reflect this trading entity as it covers the six-month period to 30 June 2021.
The directors expect the acquisition of East Imperial Pte to be accounted for in the Company’s next published statutory financial statements, for the year ending 31 December 2021, as a reverse takeover with those financial statements being presented as a continuation of the activities of the deemed acquirer, East Imperial Pte. The historical financials herein reflect only the entity as it existed pre the acquisition transaction.
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