Tooru PLC
28 August 2026
28 August 2026
Tooru plc
("Tooru" or the "Company")
Disposal of Market Rocket
Tooru, the AIM listed company focused on the branded health and wellness sector, announces that it has agreed to sell its 100% owned subsidiary, Market Rocket Limited ("MR"), to MR's management team which includes Matthew Peck, who was previously a director of Tooru.
MR is a specialist accredited agency which partners with a range of clients, helping them to maximise their online sales potential across multiple digital channels. The consideration for the sale is £1, however, as part of the transaction, approximately £343K of external liabilities will be eliminated plus the intercompany balances with MR.
For the period to 31 December 2025, MR accounted for profit after tax of £87K and, as at 31 December 2025, negative net assets of £233K after adjustment for intercompany balances.
MR is regarded as a non-core business for the Group, and the Board believes that the resources of the Group would be better focused on the building and development of its leading consumer brands operating in the wellness sector.
Given that Mr Peck was a director of the Company within the last 12 months and is a director of MR, the sale of MR to a group that includes Mr Peck is a Related Party Transaction ("Transaction") pursuant to Rule 13 of the AIM Rules.
The Directors of the Company who are all independent of the Transaction, having consulted with the Company's nominated adviser, Beaumont Cornish, consider the terms of the Transaction to be fair and reasonable insofar as the Company's shareholders are concerned.
Enquiries:
|
Tooru plc Scott Livingston, CEO |
Tel: +44 (0) 20 3475 0230 |
|
Beaumont Cornish Limited (Nominated Adviser) Roland Cornish / Asia Szusciak / Felicity Geidt |
Tel: +44 (0) 20 7628 3396 |
|
Oberon Capital (Joint Broker) Nick Lovering / Adam Pollock / Aimee McCusker |
Tel: +44 (0) 20 3179 5300 |
|
Fortified Securities (Joint Broker) Guy Wheatley / Mark Wheeler |
Tel: +44 (0) 20 7186 9950 |
|
Shard Capital Partners LLP (Joint Broker) Damon Heath / Erik Woolgar |
Tel: +44 (0) 20 7186 9950 |
Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.
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