Deals4 April 2026 at 05:31 pm
Belrise Industries Issues Corporate Guarantee of GBP 1,980,000 for Deferred Consideration
AI Summary
Belrise Industries Ltd has informed the exchange about the issuance of a corporate guarantee in favor of certain sellers as security for payment of deferred consideration. The guarantee, amounting to GBP 1,980,000, is in connection with a Share Purchase Agreement executed between Belrise UK Holdings Limited, a step-down wholly owned subsidiary of the company, and the shareholders of Chester Hall Precision Engineering Holdings Limited. This guarantee represents a contingent liability for the company with no immediate impact on its financials.
Key Highlights
- Belrise Industries has issued a corporate guarantee of GBP 1,980,000 for a Share Purchase Agreement.
- The guarantee is in favor of certain sellers and is a contingent liability for the company.
- The agreement is between Belrise UK Holdings Limited, a step-down wholly owned subsidiary of Belrise Industries, and the shareholders of Chester Hall Precision Engineering Holdings Limited.
- The guarantee has been issued as security for payment of deferred consideration.
- There is no immediate impact on the financials of Belrise Industries.