CM STRATEGIC 613 LIMITED conditionally agreed to acquire approximately 24.8% stake in Fletcher King Plc (AIM:FLK) from District & Urban Group Plc, Lowerland Limited and David Fletcher on October 4, 2021. CM STRATEGIC 613 LIMITED will acquire 2.288141 million shares in Fletcher King Plc. The transaction is subject to FCA regulatory approval.

As on February 15, 2022, FCA controller approval has yet to be received for Elliott Bernerd and CM Strategic 613 Limited. The long stop date by which each of the Share Purchase Agreement and Subscription Agreement must be completed has been extended to July 22, 2022. James Caithie and Liam Murray of Cairn Financial Advisers LLP acted as nominated advisor to Fletcher King Plc.