Proposed Cowes Chiropractic Acquisition Update
Beacon Rise terminates proposed acquisition of Cowes Chiropractic for approximately £0.5 million following due diligence review.
- Proposed acquisition consideration approximately £0.5 million
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On 4 November 2025 Beacon Rise (LSE: BRS) announced that it had entered non-binding heads of terms save for exclusivity, due diligence costs and other customary terms in relation to the proposed acquisition of the entire issued and to be issued share capital of Lyfe Health Isle of Wight Limited ("Lyfe Health") (trading as Cowes Chiropractic) by the Company for a consideration of approximately £0.5 million (the "Proposed Cowes Chiropractic Acquisition").
Following the review of commercial and financial due diligence materials in connection with the Proposed Cowes Chiropractic Acquisition, the board of directors of Beacon Rise (the "Board" or the "Directors") have concluded that it would not be in the best interest of the Company's shareholders to pursue the Proposed Cowes Chiropractic Acquisition. Accordingly, the Board has terminated discussions in relation to the Proposed Cowes Chiropractic Acquisition with immediate effect.
The Company continues to progress due diligence in relation to the three other previously announced proposed acquisitions.
Temporary suspension of listing and trading of Ordinary Shares
The Proposed Ergotec Acquisition, the Proposed Chiropractor Acquisition and the Proposed Training-provider Acquisition (together the "Proposed Acquisitions") are respectively classified as an "initial transaction" under UK Listing Rules ("UKLR") 13.4. In accordance with UKLR 21.1.4 and 21.3, the Company ordinary shares of £1.00 each (ISIN: GB00BMC0V753) will remain suspended from its listing on the equity shares (shell companies) category of the Official List of the FCA and from trading on the Main Market of the London Stock Exchange.
The Company will release further announcements as and when appropriate.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.