The Company is pleased to announce it has acquired and completed a share transaction in that it has purchased 2,000,000 SBS GROUP LTD new shares at £3.00 per share price in exchange for 6,000,000 RLS AVIATION LTD new shares at £1.00 per share price both issuances ranking pari passu with the common share capital outstanding of the respective companies in each case.
Delivery had been engaged for completion in bearer format on both sides and effected with Board approval as appropriate.
SBS GROUP LTD is a high-grade Investment Company with significant Investments in multiple successful companies from a variety of areas.
RLS AVIATION LTD continues to look for prime opportunities to expand its capital and shareholder base and growth in its Balance Sheet to advance its MEDEVAC project, a leading force in the dedicated area of Emergency Rescue Services worldwide based in initially Africa and Switzerland.
RLS AVIATION LTD