Brief: Kin And Carta Says Final Offer Values Kin And Carta At About 220.3 Mln Stg

Kin and Carta

07/12/2023 07:57

Dec 7 (Reuters) - Kin and Carta PLC  KCT.L :
    * INCREASED FINAL OFFER AND ADJOURNMENT OF MEETINGS
    * CO, KELVIN UK BIDCO REACHED AGREEMENT ON TERMS OF
INCREASED &
FINAL RECOMMENDED CASH OFFER FOR CO
    * INCREASED AND FINAL RECOMMENDED CASH OFFER FOR KIN AND
CARTA PLC
    * UNDER TERMS OF INCREASED AND FINAL OFFER, SCHEME
SHAREHOLDERS
WILL BE ENTITLED TO RECEIVE: FOR EACH SCHEME SHARE 120 PENCE IN
CASH
    * PROPOSED DEAL FOR ENTERPRISE VALUE OF £258 MILLION
    * FINAL OFFER VALUES KIN AND CARTA AT APPROXIMATELY £220.3
MILLION
ON A FULLY DILUTED BASIS

Source text for Eikon:  ID:nRSG9553Va 
Further company coverage:  KCT.L 

 ((Reuters.Briefs@thomsonreuters.com;;))