| VVV Sports Limited (VVV) 5 November 2025 VVV Sports Limited Announces Proposed Acquisition of R3 Sport Limited VVV Sports Limited (“VVV”) a company incorporated in the British Virgin Islands with its ordinary shares admitted to trading on the Aquis Stock Exchange Growth Market (under the ticker “VVV”) is pleased to announce that it has signed non-binding heads of terms in connection with its proposed acquisition (the “Acquisition”) of R3 Sport Limited (“R3”). The combined business strategy of VVV and R3 (the “Enlarged Group”) is intended to focus on the following areas:
The Directors believe that, on completion of the Acquisition, the Enlarged Group will be positioned as the only listed “pure-play” sports investment vehicle focused on the rapid global growth of padel, pickleball, and other emerging and niche sports. Upon completion of the Acquisition, the Board of Directors of the Enlarged Group is expected to comprise Jonathan Rowland, Chairman; Richard Morecroft, Non-Executive Director; Sam Kemp, Managing Director, R3 Sport (subject to completion of customary due diligence), Mahesh Pulandaran, Non-Executive Director) and a further director to be announced. The consideration for the Acquisition is 300,000,000 new ordinary shares in VVV to be issued to the shareholders of R3, valuing R3 at £3.0 million. VVV and R3 intend to proceed as quickly as possible with the Acquisition, with a view to signing a sale and purchase agreement on or before 30 November 2025.
Jonathan Rowland, Executive Chairman of the Company, is also a director and a major shareholder of R3. Accordingly, the Acquisition will be a Related Party Transaction for the purposes of the Aquis Growth Market Access Rulebook.
The Acquisition is conditional, inter alia, on:
A circular containing further information about the Acquisition and convening a general meeting of the Company to give Independent VVV Shareholders the opportunity to vote on the Acquisition will be sent to VVV shareholders as soon as practicable. Jonathan Rowland, Executive Chairman of VVV Sports and CEO of R3 Sport said: “Through the proposed combination of VVV and R3, we intend to create a much larger and financially stronger entity to support our exciting plans for growth. Emerging sports like padel and pickleball are experiencing explosive growth worldwide – driven by surging participation, media attention and commercial interest. However, a clear gap remains in fully professionalising and commercialising these fast-rising sports, particularly across Europe and the Middle East and key global hubs. “The Directors intend that, once completed, the Acquisition will position VVV as a next-gen sports entertainment company aiming to build the most exciting sports entertainment and athlete brand in the world. “The Directors will seek to blend professional sports events, influencer culture and word-class sports facilities to take advantage of the commercial opportunities across talent, events, media and merchandise.” -Ends- The Directors of the Company accept responsibility for the contents of this announcement.
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Market Abuse Regulation (MAR) Disclosure This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation EU 596/2014 as it forms part of retained EU law (as defined in the European Union (Withdrawal) Act 2018). Dissemination of a Regulatory Announcement that contains inside information in accordance with the Market Abuse Regulation (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. |
| ISIN: | VGG9470B1004 |
| Category Code: | MSCL |
| TIDM: | VVV |
| LEI Code: | 213800OEUSH43X859D83 |
| Sequence No.: | 407274 |
| EQS News ID: | 2224326 |
| End of Announcement | EQS News Service |
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