Update in relation to Ergotec
Beacon Rise Holdings Plc has terminated discussions for the proposed acquisition of Ergotec Health LLP, which was valued at approximately £0.95 million, due to unresolved key commercial terms. The company remains committed to its strategy of becoming an integrated physical healthcare services provider through a buy-and-build approach, focusing on the previously announced Proposed Chiropractor Acquisition. The ordinary shares of Beacon Rise will remain suspended from listing and trading on the London Stock Exchange pending the outcome of the Proposed Chiropractor Acquisition, with a possibility of trading resuming if this acquisition does not complete.
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On 29 September 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 Ergotec Health LLP ("Ergotec Health") by the Company for a consideration of approximately £0.95 million (the "Proposed Ergotec Acquisition").
Following careful consideration, relating to key commercial terms, 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 Ergotec Acquisition. Accordingly, the Board has terminated discussions in relation to the Proposed Ergotec Acquisition.
As noted in previous announcements, the Company intends to proceed with Cancellation and Admission should a final binding acquisition agreement be agreed in relation to at least one of the proposed acquisitions. Accordingly, the Board remains committed to finalising due diligence in relation to the previously announced Proposed Chiropractor Acquisition as well as the necessary transaction documentation in relation to Admission.
The Board intends to create an integrated physical healthcare services provider that is expected to provide physiotherapy, chiropractic and sports rehabilitation services to patients in the United Kingdom. The Board intends to achieve this primarily through implementing a structured buy-and-build strategy with the Proposed Chiropractor Acquisition representing the beginning of this strategy. With this in mind, the Board intends to explore other related potential acquisitions post-Admission, instead of seeking Admission contemporaneously with the completion of several related acquisitions. The Board also intends to supplement its growth strategy through pursuing relevant organic growth opportunities, where applicable.
Temporary suspension of listing and trading of Ordinary Shares
The Proposed Chiropractor Acquisition is 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.
Should final terms for the Proposed Chiropractor Acquisition be agreed, the Company will issue an announcement with further details pursuant to UKLR 13.4.22R and UKLR 13.4.23R.
There can be no certainty that the Proposed Chiropractor Acquisition will successfully complete, nor as to the final terms or timing of the Proposed Chiropractor Acquisition. If the Proposed Chiropractor Acquisition does not complete for any reason, it is expected that the suspension of the Company's listing on the Official List will be lifted, subject to FCA approval, and trading in the Company's shares on the Main Market of the London Stock Exchange will recommence.
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.