REG - Checkit PLC - AGM Update: Formal Sale Process

CheckitAnnouncement

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RNS Number : 2947F  Checkit PLC  22 May 2026

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

 

THIS 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 "TAKEOVER CODE") AND THERE
CAN BE NO CERTAINTY THAT AN OFFER WILL BE MADE, NOR AS TO THE TERMS ON WHICH
ANY OFFER MIGHT BE MADE.

 

22 May 2026

 

Checkit plc

("Checkit" or the "Company")

 

Annual General Meeting Update: Formal Sale Process

 

Ahead of its Annual General Meeting to be held at 12:00 noon today, Checkit
plc (AIM: CKT), the automated monitoring and operational intelligence platform
for frontline-led organisations, provides an update to shareholders regarding
the Formal Sale Process announced on 26 March 2026.

Since the commencement of the Formal Sale Process, the Company has received
credible interest from potential acquirers. Discussions with these parties are
ongoing and further announcements will be made as and when appropriate.

Shareholders are advised that this announcement does not represent a firm
intention by any person to make an offer under Rule 2.7 of the Takeover Code.
Current discussions may be altered or terminated at any time and, accordingly,
there can be no certainty that any offers will be made as a result of the
Formal Sale Process, that any sale will be concluded, nor as to the terms on
which any offer may be made. Shareholders are advised to take no action at
this time.

For further information, please contact:

Enquiries:

 Checkit plc                                                                     +44 (0) 1223 643313
 www.Checkit.net (http://www.Checkit.net)
 Kit Kyte (Chief Executive Officer)
 Kris Shaw (Chief Financial Officer)
 Singer Capital Markets (Financial Adviser, Nominated Adviser & Broker)          +44 (0) 20 7496 3000
 Shaun Dobson / Peter Steel / James Fischer
 Yellowstone Advisory (Investor Relations)                                       +44 (0) 203 951 8907
 Alex Schlich                                                                    alex@yellowstoneadvisory.com (mailto:alex@yellowstoneadvisory.com)

 

Notice related to financial advisers

Singer Capital Markets Advisory LLP ("Singer Capital Markets"), which is
authorised and regulated in the United Kingdom by the Financial Conduct
Authority, is acting exclusively for Checkit and no-one else in connection
with the Formal Sale Process and will not be responsible to anyone other
than Checkit or providing the protections afforded to clients
of Checkit or for providing advice in relation to the Formal Sale Process or
any other matter referred to in this announcement.

Disclosure requirements of the Takeover Code

Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of
any class of relevant securities of an offeree company or of any securities
exchange offeror (being any offeror other than an offeror in respect of which
it has been announced that its offer is, or is likely to be, solely in cash)
must make an Opening Position Disclosure following the commencement of the
offer period and, if later, following the announcement in which any securities
exchange offeror is first identified. An Opening Position Disclosure must
contain details of the person's interests and short positions in, and rights
to subscribe for, any relevant securities of each of (i) the offeree company
and (ii) any securities exchange offeror(s). An Opening Position Disclosure by
a person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm
(London time) on the 10th business day following the commencement of the offer
period and, if appropriate, by no later than 3.30 pm (London time) on the 10th
business day following the announcement in which any securities exchange
offeror is first identified. Relevant persons who deal in the relevant
securities of the offeree company or of a securities exchange offeror prior to
the deadline for making an Opening Position Disclosure must instead make a
Dealing Disclosure.

Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1%
or more of any class of relevant securities of the offeree company or of any
securities exchange offeror must make a Dealing Disclosure if the person deals
in any relevant securities of the offeree company or of any securities
exchange offeror. A Dealing Disclosure must contain details of the dealing
concerned and of the person's interests and short positions in, and rights to
subscribe for, any relevant securities of each of (i) the offeree company and
(ii) any securities exchange offeror(s), save to the extent that these
details have previously been disclosed under Rule 8. A Dealing Disclosure by a
person to whom Rule 8.3(b) applies must be made by no later than 3.30 pm
(London time) on the business day following the date of the relevant dealing.

 If two or more persons act together pursuant to an agreement or
understanding, whether formal or informal, to acquire or control an interest
in relevant securities of an offeree company or a securities exchange offeror,
they will be deemed to be a single person for the purpose of Rule 8.3.

Opening Position Disclosures must also be made by the offeree company and by
any offeror and Dealing Disclosures must also be made by the offeree company,
by any offeror and by any persons acting in concert with any of them (see
Rules 8.1, 8.2 and 8.4).

Details of the offeree and offeror companies in respect of whose relevant
securities Opening Position Disclosures and Dealing Disclosures must be made
can be found in the Disclosure Table on the Takeover Panel's website at
www.thetakeoverpanel.org.uk, including details of the number of relevant
securities in issue, when the offer period commenced and when any offeror was
first identified. You should contact the Panel's Market Surveillance Unit on
+44 (0)20 7638 0129 if you are in any doubt as to whether you are required to
make an Opening Position Disclosure or a Dealing Disclosure.

Website publication

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 the Company's website at www.
(http://www.checkit.net/) Checkit (http://www.checkit.net/) .net
(http://www.checkit.net/)  by no later than 12 noon (London time) on the
business day following the date of this announcement. For the avoidance of
doubt, the content of the website referred to in this announcement is not
incorporated into and does not form part of this announcement.

 

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