Update in relation to ProActive
Beacon Rise Holdings Plc has terminated discussions for the proposed acquisition of ProActive Training Ltd due to irreconcilable disagreements on key commercial terms and valuation, which was valued at approximately £1.35 million. The company continues to progress due diligence on two other proposed acquisitions, the Ergotec Acquisition and the Chiropractor Acquisition, with significant progress made on transaction documentation for Admission. The ordinary shares of Beacon Rise will remain suspended from listing and trading on the London Stock Exchange as these acquisitions are classified as initial transactions. There is no certainty that these acquisitions will complete, and if they do not, the suspension is expected to be lifted. Each proposed acquisition is independent and will not be impacted by the failure of another.
Select text to share a quote on X · sign in to keep highlights & notes in your BRS notes
On 21 October 2025 Beacon Rise (LSE: BRS) announced that it had entered non-binding heads of terms save for exclusivity and other customary terms in relation to the proposed acquisition of the entire issued and to be issued share capital of ProActive Training Ltd (the "Training-provider" or "ProActive") by the Company for a consideration of approximately £1.35 million (the "Proposed Training-provider Acquisition").
Following irreconcilable disagreements in relation to certain key commercial terms and ultimately the valuation of ProActive, 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 Training-provider Acquisition. Accordingly, the Board has terminated discussions in relation to the Proposed Training-provider Acquisition.
The Company continues to progress due diligence in relation to the two other previously announced proposed acquisitions, being the Proposed Ergotec Acquisition and the Proposed Chiropractor Acquisition. Related to this, the Company further reports that considerable progress has been made by the Company and its advisers in relation to finalising the necessary transaction documentation in relation to Admission.
Temporary suspension of listing and trading of Ordinary Shares
The Proposed Ergotec Acquisition and the Proposed Chiropractor 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 £0.0001 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.