REG - Alpha Group Intl PLC Corpay Inc. - Extension of PUSU Period

Alpha InternationalAnnouncement

07/07/2025 07:00

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RNS Number : 9564P  Alpha Group International PLC  07 July 2025

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY (IN WHOLE
OR IN PART) IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE
A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

 

THIS ANNOUNCEMENT IS NOT AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER
UNDER RULE 2.7 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE") AND
THERE CAN BE NO CERTAINTY THAT ANY OFFER WILL BE MADE, NOR AS TO THE TERMS ON
WHICH ANY OFFER MAY BE MADE

 

 

FOR IMMEDIATE RELEASE

 

 

7 July 2025

 

Alpha Group International plc

("Alpha" or the "Company")

 

Update regarding possible offer by Corpay, Inc. ("Corpay") and extension of
PUSU Period

 

 

Further to the announcement dated 6 May 2025, and the subsequent announcement
on 30 May 2025, the Board of Alpha (the "Board") has held constructive
discussions with Corpay, which are advancing, and believes that it is in the
best interests of shareholders to continue this engagement.

 

As announced on 30 May 2025, in accordance with Rule 2.6(a) of the Code,
Corpay was required, by no later than 5:00 p.m. on 7 July 2025 (the "PUSU
Deadline"), to either announce a firm intention to make an offer for Alpha in
accordance with Rule 2.7 of the Code or announce that it does not intend to
make an offer, in which case the announcement will be treated as a statement
to which Rule 2.8 of the Code applies.

 

The Board has, in accordance with Rule 2.6(c) of the Code, requested, and the
Panel on Takeovers and Mergers (the "Takeover Panel") has consented to, an
extension to the PUSU Deadline by which Corpay is required either to announce
a firm intention to make an offer for Alpha in accordance with Rule 2.7 of the
Code or to announce that it does not intend to make an offer, in which case
the announcement will be treated as a statement to which Rule 2.8 of the Code
applies.

 

Such announcement must now be made by not later than 5.00 p.m. (London time)
on 24 July 2025 (the "New PUSU Deadline"). The New PUSU Deadline can be
extended by the Board, with the consent of the Takeover Panel.

 

A further announcement will be made as appropriate.

 

 

Enquiries:

 

 Alpha Group International plc            Via Peel Hunt
 Clive Kahn, CEO
 Tim Powell, CFO

 

 Peel Hunt LLP (Joint Financial Adviser and Corporate Broker to Alpha)     +44 (0) 20 7418 8900
 Neil Patel
 Benjamin Cryer

 

 Centerview Partners UK LLP (Joint Financial Adviser to Alpha)     +44 (0) 20 7409 9700
 Tadhg Flood
 Hadleigh Beals

 

 Panmure Liberum (Corporate Broker to Alpha)     +44 (0) 20 3100 2000
 Max Jones
 William King

 

 Alma Strategic Communications (Financial Public Relations)      +44 (0) 20 3405 0205
 Josh Royston
 Andy Bryant

Freshfields LLP is acting as legal adviser to Alpha.

 

Important information

 

Peel Hunt LLP ("Peel Hunt"), which is authorised and regulated in the United
Kingdom by the FCA, is acting exclusively as financial adviser and corporate
broker to Alpha and for no one else in connection with the matters referred to
in this announcement and will not be responsible to any person other than
Alpha for providing the protections afforded to clients of Peel Hunt, nor for
providing advice in relation to the matters referred to herein. Neither Peel
Hunt nor any of its affiliates owes or accepts any duty, liability or
responsibility whatsoever (whether direct or indirect, whether in contract, in
tort, under statute or otherwise) to any person who is not a client of Peel
Hunt in connection with the matters referred to in this announcement, or
otherwise.

 

Centerview Partners UK LLP ("Centerview"), which is authorised and regulated
in the United Kingdom by the Financial Conduct Authority, is acting
exclusively as financial adviser to Alpha and no one else in connection with
the matters set out in this announcement and will not be responsible to anyone
other than Alpha for providing the protections afforded to its clients or for
providing advice in relation to the contents of this announcement or any other
matters referred to in this announcement. Neither Centerview nor any of its
affiliates, nor any of Centerview's and such affiliates' respective members,
directors, officers, controlling persons or employees owes or accepts any
duty, liability or responsibility whatsoever (whether direct or indirect,
consequential, whether in contract, in tort, in delict, under statute or
otherwise) to any person who is not a client of Centerview in connection with
this announcement, any statement contained herein or otherwise.

 

This announcement is not intended to, and does not, constitute or form part of
any offer, invitation or the solicitation of an offer to purchase, otherwise
acquire, subscribe for, sell or otherwise dispose of, any securities whether
pursuant to this announcement or otherwise.

 

The distribution of this announcement in jurisdictions outside the United
Kingdom may be restricted by law and therefore persons into whose possession
this announcement comes should inform themselves about and observe such
restrictions. Any failure to comply with the restrictions may constitute a
violation of the securities law of any such jurisdiction.

 

 

 

 

Publication on Website

 

In accordance with Rule 26.1 of the Code, a copy of this announcement will be
made available subject to certain restrictions relating to persons resident in
restricted jurisdictions on Alpha's website at
www.Alphagroup.com/announcement/ by no later than 12 noon London time on 8
July 2025. The content of the website referred to in this announcement is not
incorporated into and does not form part of this announcement.

 

Additional Information

 

For the purposes of MAR, this announcement is being made on behalf of Alpha by
Tim Powell, CFO.

 

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