Poly Medicure Limited has informed the Exchange regarding Board meeting held on September 03, 2025 for Intimation on Acquisition(Incorporation of a Wholly owned step down subsidiary "RisoR Holdings B.V." in amsterdam, Netherlands and updates on the Share purchase Agreements (SPA)
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Poly Medicure's board met on September 3, 2025, and approved the incorporation of a wholly owned step-down subsidiary named 'RisoR Holdings B.V.' in Amsterdam, Netherlands. The company also provided updates on Share Purchase Agreements (SPAs), suggesting it is in the process of acquiring another business through this new Dutch entity. A step-down subsidiary means the new Dutch company will sit below another Poly Medicure subsidiary in the ownership structure. The specific target company, deal value, and timeline have not been disclosed in this intimation.
This signals an ongoing overseas acquisition that could expand Poly Medicure's international footprint, but the lack of disclosed deal value or target details means shareholders should wait for further updates to assess the financial impact.