REG - Intuitive Inv Group Acceler8 Ventures - Extension of PUSU Deadline

Intuitive InvestmentsAnnouncement

Wed 07:00

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RNS Number : 0870D  Intuitive Investments Group plc  06 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 AN ANNOUNCEMENT FALLING UNDER RULE 2.4 OF THE CITY CODE ON TAKEOVERS
AND MERGERS (THE "CODE") AND DOES NOT CONSTITUTE AN ANNOUNCEMENT OF A FIRM
INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE CODE. THERE CAN BE NO
CERTAINTY THAT ANY FIRM OFFER WILL ULTIMATELY BE MADE.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION IN RELATION TO INTUITIVE
INVESTMENTS GROUP PLC AND ACCELER8 VENTURES PLC FOR THE PURPOSES OF THE MARKET
ABUSE REGULATION (EU) NO. 596/2014 AS IT FORMS PART OF UNITED KINGDOM DOMESTIC
LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED BY
VIRTUE OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019 ("UK MAR").
UPON THE PUBLICATION OF THIS ANNOUNCEMENT, SUCH INSIDE INFORMATION IS NOW
CONSIDERED TO BE IN THE PUBLIC DOMAIN.

FOR IMMEDIATE RELEASE

 

6 May 2026

Intuitive Investments Group plc

("IIG" or the "Company")

Extension of PUSU Deadline

On 8 April 2026, the independent directors of IIG and Acceler8 Ventures plc
("AC8") announced that they had reached agreement in principle on the terms of
a possible all-share offer by AC8 for the entire issued and to be issued
ordinary share capital of IIG (the "Possible Offer"), alongside the proposed
admission of the enlarged group (the "Combined Group"), to a listing on the
Equity Shares (Commercial Companies) category of the Official List maintained
by the Financial Conduct Authority ("FCA") and to trading on the London Stock
Exchange's main market (the "Main Market").

Preparations and discussions in respect of the Possible Offer are continuing
between the parties and their respective advisers, including progressing the
requisite due diligence process and preparation of a prospectus on the
proposed Combined Group. Accordingly, the independent directors of IIG have
requested, in accordance with Rule 2.6(a) of the Code, and the Panel on
Takeovers and Mergers (the "Takeover Panel") has consented to, an extension to
the date by which AC8 is required either to announce a firm intention to make
an offer for the Company 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 would 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 3 June 2026. This revised deadline can be further extended
with the agreement of the independent directors of IIG and the consent of the
Takeover Panel in accordance with Rule 2.6(c) of the Code.

There can be no certainty that any firm offer will ultimately be made for the
Company.

Shareholders should note that the Company continues to be in an 'Offer Period'
in accordance with the Rules of the Code and attention is drawn to the
disclosure requirements of Rule 8 of the Code, which are summarised below.

For the purposes of UK MAR, the person responsible for arranging for the
release of this announcement on behalf of the Company is Giles Willits and on
behalf of AC8 is David Williams.

This announcement has been made with the prior consent of AC8 and a further
announcement(s) will be made in due course as and when appropriate.

The Company's LEI number is 2138004A32UIY92WWR66. AC8's LEI number is
2138004B1HKZP1OR2C72.

Enquiries:

 Intuitive Investments Group plc                                          Giles Willits         c/o FTI Consulting

 Strand Hanson Limited                                                    James Dance           Tel: 020 7409 3494

 (Rule 3 Adviser and Financial Adviser to IIG)                            Christopher Raggett

                                                                          Matthew Chandler

                                                                          Imogen Ellis

 Zeus Capital Limited                                                     James Hornigold       Tel: 020 3829 5000

 (Broker to IIG)                                                          Dominic King

 FTI Consulting                                                           John Waples           Tel: 020 3727 1000

 (Financial PR to IIG)                                                    Valerija Cymbal

                                                                          Jemima Gurney

 Acceler8 Ventures plc                                                    David Williams        c/o Tessera Investment Management Limited

 Tessera Investment Management Limited                                    Tony Morris           Tel: 07742 189145

Katie Long
 (Financial Adviser to AC8)
James Strang

 Joh. Berenberg, Gossler & Co. KG, London Branch (Rule 3 Adviser and      Matthew Armitt        Tel: 020 3207 7800
 Financial Adviser to AC8)

                                                                          Miles Cox

                                                                          Mark Whitmore

                                                                          Alex Wright

Important notices

Strand Hanson Limited, which is authorised and regulated in the United Kingdom
by the Financial Conduct Authority, is acting exclusively as Rule 3 adviser
and financial adviser to IIG and no one else in connection with the Possible
Offer and other matters set out in this announcement and will not be
responsible to anyone other than the Company for providing the protections
afforded to its clients or for providing advice in relation to such matters.

Joh. Berenberg, Gossler & Co. KG, London Branch ("Berenberg"), which is
authorised and regulated by the German Federal Financial Supervisory Authority
and is authorised and regulated by the FCA in the United Kingdom, is acting
exclusively as Rule 3 adviser and financial adviser to AC8 and no one else in
connection with the Possible Offer and other matters set out in this
announcement and will not be responsible to anyone other than AC8 for
providing the protections afforded to clients of Berenberg, or for providing
advice in connection with the Possible Offer or any other matter referred to
herein. Neither Berenberg 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 Berenberg in connection with this announcement, any statement
contained herein or otherwise.

Tessera Investment Management Limited ("Tessera") is acting exclusively as
financial adviser to AC8 and no one else in connection with the Possible Offer
and other matters set out in this announcement and will not be responsible to
anyone other than AC8 for providing the protections afforded to clients of
Tessera, or for providing advice in connection with the Possible Offer or any
other matter referred to herein. Neither Tessera 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 Tessera 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, or the
solicitation of any vote or approval in any jurisdiction, pursuant to this
announcement or otherwise. Any offer, if made, will be made solely by way of
certain offer documentation which will contain the full terms and conditions
of any offer, including details of how it may be approved or accepted.

The release, distribution or publication of this announcement in jurisdictions
other than the United Kingdom and the availability of any offer to
shareholders of IIG who are not resident in the United Kingdom may be affected
by the laws of such relevant jurisdictions. Therefore, any persons who are
subject to the laws of any jurisdiction other than the United Kingdom or
shareholders of IIG who are not resident in the United Kingdom should inform
themselves about and observe any applicable requirements.

Disclosure requirements of the 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 IIG 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) IIG 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 p.m. (London time)
on the 10th business day following the commencement of the offer period and,
if appropriate, by no later than 3.30 p.m. (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 IIG
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 IIG or of any securities
exchange offeror must make a Dealing Disclosure if the person deals in any
relevant securities of IIG 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) IIG 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 p.m. (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 IIG and by any offeror and
Dealing Disclosures must also be made by IIG, 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, (http://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
Takeover 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.

The defined terms used in this section "Disclosure requirements of the Code"
are defined in the Code which can be found on the Takeover Panel's website.

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 IIG's website at www.iigplc.com
(http://www.iigplc.com) and on AC8's website at https://acceler8.ventures/
(https://acceler8.ventures/investors/) 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 websites referred to in this announcement is not
incorporated into and does not form part of this announcement.

 

- Ends -

 

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