REG - Kitwave Group PLC - Cancellation of Admission to Trading

KitwaveAnnouncement

Today 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260313:nRSM4620Wa&default-theme=true

RNS Number : 4620W  Kitwave Group PLC  13 March 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

FOR IMMEDIATE RELEASE

13 March 2026

RECOMMENDED CASH ACQUISITION

of

Kitwave Group plc ("Kitwave")

by

Kite UK Bidco Limited ("BidCo")

a newly-incorporated company indirectly wholly-owned by funds managed or
advised by OEP Capital Advisors, L.P.

to be implemented by means of a scheme of arrangement

under Part 26 of the Companies Act 2006

CANCELLATION OF ADMISSION TO TRADING OF KITWAVE SHARES

Further to the announcement made by Kitwave and BidCo on 12 March 2026 that
the Scheme had become Effective in accordance with its terms, Kitwave today
announces that, following an application by Kitwave to the London Stock
Exchange, the London Stock Exchange has cancelled trading in Kitwave Shares on
AIM with effect from 7.00 a.m. today.

This announcement should be read in conjunction with the full text of the
circular in relation to the Scheme which was published on 5 February 2026 (the
"Scheme Document"). Capitalised terms used but not otherwise defined in this
announcement shall have the same meanings as set out in the Scheme Document.
All references to times in this announcement are to London times unless
otherwise stated.

 

Enquiries

 Kitwave                                                                  +44 (0) 191 259 2277
 Ben Maxted, Chief Executive Officer

 Mark Earl, Chief Financial Officer

 Canaccord Genuity Limited (Financial Adviser, Rule 3 Adviser, Nominated  +44 (0) 20 7523 8150
 Adviser and Sole Broker)
 Harry Rees

 Bobbie Hilliam

 Elizabeth Halley-Stott

 Yellow Jersey PR (Financial media and PR adviser to Kitwave)             +44 (0) 20 3004 9512

                                                                          kitwave@yellowjerseypr.com
 Charles Goodwin

 Shivantha Thambirajah

 OEP                                                                      +1 (212) 277 1500
 Ori Birnboim

 Steve Lunau

 Moelis (Financial Adviser to OEP and BidCo)                              +44 (0) 20 7634 3500
 Andrew Welby

 Simon Chaudhuri

 Max Hunt

 

Ashurst LLP is acting as legal adviser to Kitwave. Norton Rose Fulbright LLP
is acting as legal adviser to BidCo.

Important notices

 

Canaccord Genuity, which is authorised and regulated by the FCA in the United
Kingdom, is acting exclusively as financial adviser to Kitwave and no one else
in connection with the Acquisition and will not be responsible to anyone other
than Kitwave for providing the protections afforded to clients of Canaccord
Genuity nor for providing advice in relation to the Acquisition or any other
matters referred to in this announcement. Neither Canaccord Genuity 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 Canaccord Genuity
in connection with this announcement, any statement contained herein or
otherwise.

Moelis, which is regulated by the FCA in the United Kingdom, is acting
exclusively for OEP and BidCo and no one else in connection with the
Acquisition and other matters set out in this announcement and will not be
responsible to anyone other than OEP and BidCo for providing the protections
afforded to clients of Moelis, or for providing advice in connection with the
Acquisition or any matter referred to herein. Neither Moelis 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 Moelis in connection with this
announcement, any statement contained herein or otherwise.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCSFEFLEEMSELD



            Copyright 2019 Regulatory News Service, all rights reserved