VVV Sports Limited: Proposed Acquisition of R3 Sport Limited

DJ VVV Sports Limited: Proposed Acquisition of R3 Sport Limited

VVV Sports Limited (VVV) 
VVV Sports Limited: Proposed Acquisition of R3 Sport Limited 
05-Nov-2025 / 15:00 GMT/BST 
 
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5 November 2025 
 
VVV Sports Limited Announces Proposed Acquisition of R3 Sport Limited 
 
VVV Sports Limited ("VVV") a company incorporated in the British Virgin Islands with its ordinary shares admitted to 
trading on the Aquis Stock Exchange Growth Market (under the ticker "VVV") is pleased to announce that it has signed 
non-binding heads of terms in connection with its proposed acquisition (the "Acquisition") of R3 Sport Limited ("R3"). 
 
The combined business strategy of VVV and R3 (the "Enlarged Group") is intended to focus on the following areas: 
 
 -- Event ownership and management (including R3 Bullpadel Cup, Premier Padel events and future International Padel 
  Federation/European/Middle East events) 
 -- Athlete and talent management 
 -- Team ownership and strategic stakes in fast-growth sports franchises 
 -- Brand Acquisition including R3 Sport's partnership with MRH Sport and Bullpadel. 
 -- Venues, academies and global flagship projects (including Abu Dhabi Centre of Excellence) 
 -- Media rights ownership and content creation (including "Padel Planet" on Mainstream Media) 
 -- Retail and distribution through exclusive partnerships (including Bullpadel in UK & Ireland, Australia and New 
  Zealand and other territories) 
The Directors believe that, on completion of the Acquisition, the Enlarged Group will be positioned as the only listed 
"pure-play" sports investment vehicle focused on the rapid global growth of padel, pickleball, and other emerging and 
niche sports. 
 
Upon completion of the Acquisition, the Board of Directors of the Enlarged Group is expected to comprise Jonathan 
Rowland, Chairman; Richard Morecroft, Non-Executive Director; Sam Kemp, Managing Director, R3 Sport (subject to 
completion of customary due diligence), Mahesh Pulandaran, Non-Executive Director) and a further director to be 
announced. 
 
The consideration for the Acquisition is 300,000,000 new ordinary shares in VVV to be issued to the shareholders of R3, 
valuing R3 at GBP3.0 million. 
 
VVV and R3 intend to proceed as quickly as possible with the Acquisition, with a view to signing a sale and purchase 
agreement on or before 30 November 2025. 

Jonathan Rowland, Executive Chairman of the Company, is also a director and a major shareholder of R3. Accordingly, the 
Acquisition will be a Related Party Transaction for the purposes of the Aquis Growth Market Access Rulebook. 

The Acquisition is conditional, inter alia, on: 

 -- completion of satisfactory legal and financial due diligence on R3 by the Company; 
 -- the entering into of a legally binding sale and purchase agreement; and 
 -- the approval of VVV shareholders who are independent of the Rowland family ("Independent VVV Shareholders") at a 
  general meeting of the Company. 
  
 
A circular containing further information about the Acquisition and convening a general meeting of the Company to give 
Independent VVV Shareholders the opportunity to vote on the Acquisition will be sent to VVV shareholders as soon as 
practicable. 
 
Jonathan Rowland, Executive Chairman of VVV Sports and CEO of R3 Sport said: "Through the proposed combination of VVV 
and R3, we intend to create a much larger and financially stronger entity to support our exciting plans for growth.  
Emerging sports like padel and pickleball are experiencing explosive growth worldwide - driven by surging 
participation, media attention and commercial interest.  However, a clear gap remains in fully professionalising and 
commercialising these fast-rising sports, particularly across Europe and the Middle East and key global hubs. 
 
"The Directors intend that, once completed, the Acquisition will position VVV as a next-gen sports entertainment 
company aiming to build the most exciting sports entertainment and athlete brand in the world. 
 
"The Directors will seek to blend professional sports events, influencer culture and word-class sports facilities to 
take advantage of the commercial opportunities across talent, events, media and merchandise." 
 
-Ends- 
 
The Directors of the Company accept responsibility for the contents of this announcement. 

For further information please contact: 

The Company 
 
Jonathan Rowland         [e-mail] 

Aquis Corporate Adviser: 
               [phone] 
AlbR Capital Limited 

Market Abuse Regulation (MAR) Disclosure

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation EU 596/ 2014 as it forms part of retained EU law (as defined in the European Union (Withdrawal) Act 2018).

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Dissemination of a Regulatory Announcement that contains inside information in accordance with the Market Abuse Regulation (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

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ISIN:     VGG9470B1004 
Category Code: MSCL 
TIDM:     VVV 
LEI Code:   213800OEUSH43X859D83 
Sequence No.: 407274 
EQS News ID:  2224326 
  
End of Announcement EQS News Service 
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November 05, 2025 10:00 ET (15:00 GMT)