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Best of the Best PLC - London-based operator of weekly online raffle competitions - Says it is trading in line with market expectations in its current financial year ending April 30, 2023. ‘Further to the announcements made last week regarding the signing of a letter of intent with Globe Invest Ltd and their subsequent strategic investment, we look forward to updating shareholders with more details in due course,’ the company adds.
On Thursday, Best of the Best said it had signed a non-binding letter of intent with Globe to enter into a licensing and distribution agreement, as well as a marketing and collaboration pact. Best of the Best will exclusively license to Globe its business model, concept and related services to non-UK territories. In addition, Globe will acquire 30% strategic interest in Best of the Best.
Current stock price: 444.00 pence, down 0.2% on Wednesday
12-month change: down 31%
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