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GB00BR0WHY71

Market Closed - London S.E. Other stock markets 11:35:23 2024-04-29 am EDT			5-day change	1st Jan Change
3.55 ^GBX	+2.90%		-10.13%	-40.83%

Apr. 22	Acuity RM launches counterterrorism risk management Storm in UK	AN
Apr. 04	Certain Ordinary Shares of Drumz plc are subject to a Lock-Up Agreement Ending on 4-APR-2024.	CI

Drumz agrees Acuity Risk Management deal in reverse takeover

April 05, 2023 at 02:40 pm EDT

Drumz PLC - Beaconsfield, England-based investor in the software sector - Agrees to buy Acuity Risk Management Ltd, in which it already owns 25%, for GBP3.6 million. Plans to fund deal by GBP500,000 cash and GBP3.1 million by the issue of 45.7 million shares at 6.75 pence each. Adds acquisition options over 2.4 million shares may be granted to the founders in the event the company's share price does not at any time exceed an average of 6.99p. Further notes a GBP1.5 million placing of subscription of 32.2 million shares at 4.5p. The acquisition of ARM will constitute a reverse takeover. Intends to change name on completion of deal to Acuity RM Group PLC.

Current stock price: 0.56 pence

12-month change: up 6%

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about ACUY RMPAR

Acuity RM launches counterterrorism risk management Storm in UK	Apr. 22	AN
Certain Ordinary Shares of Drumz plc are subject to a Lock-Up Agreement Ending on 4-APR-2024.	Apr. 03	CI
Acuity RM forward contracted revenue up as signs new deal	Jan. 19	AN
Acuity RM shares rise on GBP88,000 contract	Dec. 18	AN
Acuity wins largest ever contract with British government	Dec. 12	AN
Acuity RM wins contract; Georgia Capital ups earnings	23-10-31	AN
Acuity RM hails subsidiary's contract win for cyber security	23-10-10	AN
Acuity RM Chair Simon Bennett resign; Angus Forrest succeeds	23-10-06	AN
Drumz plc Reports Earnings Results for the Half Year Ended June 30, 2023	23-09-27	CI
Acuity RM wins one year contract worth GBP87,000	23-09-05	AN
Chapel Down sales pop; Serabi output rises	23-07-20	AN
Acuity RM promotes subsidiary COO Chambers as new CEO	23-06-23	AN
Acuity RM wins customer for Stream integrated risk business	23-06-09	AN
AIM WINNERS & LOSERS: IOG says gas flow at Blythe lower than expected	23-06-07	AN
Drumz shares up as investee Acuity partners with Nettitude	23-05-30	AN
Drumz plc Reports Earnings Results for the Full Year Ended December 31, 2022	23-05-24	CI
EXECUTIVE CHANGES: SulNOx shareholder wants chair and CEO out	23-04-25	AN
Drumz plc Announce Executive Changes	23-04-25	CI
Acuity Risk Management Limited completed the acquisition of Drumz plc in reverse merger transaction.	23-04-24	CI
Tungsten offer oversubscribed, Seraphine bid closed	23-04-06	AN
Drumz agrees Acuity Risk Management deal in reverse takeover	23-04-05	AN
AIM WINNERS & LOSERS: Fulham Shore surges on GBP93 million takeover	23-04-05	AN
Acuity Risk Management Limited agreed to acquire Drumz plc for Â£3.6 million in reverse merger transaction.	23-04-04	CI
Drumz investee company signs deal for Stream platform referral	23-03-24	AN
Drumz plc Announces the Resignation of Nish Malde as Non-Executive Director	23-03-09	CI

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Company Profile

Drumz plc is a United Kingdom-based investment company. The Company's investing policy is to invest principally, but not exclusively, in the technology sector within Europe. Its investment strategy is to invest in and acquire technology businesses. The Company's proposed investments may be made in either quoted or unquoted companies and structured as a direct acquisition, joint venture, or as an interest in a project. The Company may be either an active investor or a passive investor. The Company is building a software group that is involved in investing in technology companies. The Company is also focused on software business that is specializing in risk management.

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