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PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.Cake Box , the UK's largest retailer of fresh cream celebration cakes, is pleased to announce that it has conditionally agreed to acquire Ambala Foods Limited for an aggregate consideration of GBP22 million, which consists of GBP16 million for Ambala and GBP6 million for Ambala's manufacturing facility located in Welwyn Garden City.In order to part-finance the Acquisition, the Company proposes a placing of 3,888,889 new Ordinary Shares  at an issue Price of 180 pence per share  to raise gross proceeds  of GBP7.0 million . 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