Brief: Mission Group Says Brave Bison's Possible Offer "Significantly Undervalues" Co's Contribution To Combined Group

Mission

13/05/2024 07:31

May 13 (Reuters) - Mission Group Plc  TMGT.L :
    * MISSION GROUP PLC BRAVE BISON GRP PLC  - RESPONSE TO PRESS
SPECULATION & POSSIBLE OFFER
    * MISSION GROUP PLC - CONFIRMS THAT ON 29 APRIL 2024, IT
RECEIVED
AN UNSOLICITED CONDITIONAL PROPOSAL REGARDING A POSSIBLE OFFER
BY BRAVE BISON
    * MISSION GROUP PLC - OFFER COMPRISED AN ALL-SHARE OFFER AT
AN
EXCHANGE RATIO OF 11.5 BRAVE BISON SHARES FOR EACH ORDINARY
SHARE IN MISSION
    * MISSION GROUP PLC - BOARD BELIEVES THAT POSSIBLE OFFER
SIGNIFICANTLY UNDERVALUES CONTRIBUTION OF MISSION TO PROPOSED
COMBINED GROUP
    * MISSION GROUP PLC - BOARD OF MISSION DO NOT BELIEVE
POSSIBLE
OFFER IS TRANSFORMATIONAL FOR MISSION AND ITS OFFERING TO ITS
CLIENTS
    * MISSION GROUP PLC - BOARD OF MISSION CONTINUES TO REVIEW
GROUP'S
OPTIONS TO REDUCE ITS DEBT POSITION AND IS CONSIDERING DISPOSAL
OF CERTAIN ASSETS
    * MISSION GROUP PLC - BOARD OF MISSION REMAINS CONFIDENT
THAT
DURING REMAINDER OF YEAR, IT WILL DELIVER ON ITS PLAN TO REDUCE
LEVERAGE.

Source text for Eikon:  ID:nRSM0734Oa 
Further company coverage:  BBSN.L 

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