IN BRIEF: Challenger Acquisitions Hires New CFO, Extends Longstop Date
Wed, 30th Dec 2020 22:02
Challenger Acquisitions Ltd - previously observation wheels, now focused on securing a new project - Agrees extension of longstop date for Cindrigo Ltd offer to February 26 from Thursday this week as Canadian restructuring process has taken more time than initially anticipated . Cindrigo and Cindrigo Energy Ltd are among a group of companies pursuing renewable energy projects in the waste to energy and biomass energy sector.
Additionally names Simon Fawcett, who has held a number of positions at entrepreneurial businesses as chief financial officer and chief executive, as CFO both of Challenger and Cindrigo. Fawcett s CFO and CEO roles were held at Empyre Media Capital, Atlantic Screen Music, Aramid Capital Partners, Pathe Entertainment Ltd, and others. His appointment is effective Friday and he will become a director at Challenger. Jordan Oxley, currently managing director of energy
Challenger Acquisitions Limited (LSE: CHAL) is pleased to provide an update on its offer for Cindrigo Limited, ( Cindrigo ), which continues to progress towards completion, and also announces changes to the composition of the Company s Board. Cindrigo, along with Cindrigo Energy Limited, are part of a group of companies pursuing renewable energy projects built on broad Swedish expertise and experience in the waste to energy and biomass energy sector (see www.cindrigo.com ). Offer for Cindrigo The Board of Challenger is pleased with the progress being made with regard to the satisfaction of the conditions to the offer (the Conditions ) (the Offer ) made by Challenger to certain shareholders of Cindrigo Energy Limited to purchase the issued share capital and to be issued shares in Cindrigo Limited, that such shareholders will acquire pursuant to a plan of arrangement ( PoA ) being pursued by Cindrigo Energy Limited in British