REG - Pelatro PLC - Potential acquisition

PelatroAnnouncement

05/07/2023 07:00

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RNS Number : 9654E  Pelatro PLC  05 July 2023

5 July 2023

Pelatro Plc

 

("Pelatro" or the "Group")

 

Potential acquisition

 

 

Potential acquisition

 

Further to the announcement of 1 June regarding the Group's acquisition
strategy, the Board confirms that it has been in early stages of evaluating
one particular opportunity which would have added recurring revenue and cash
flow as well as diversified the Company away from emerging markets with a
broader geographic presence. However, the owners of that target have now
indicated that they are unlikely to want to sell the business in the near term
and hence discussions have terminated.

 

The Board will continue to evaluate potential acquisition opportunities that
fit the Group's focused criteria and will update shareholders as appropriate.

 

For further information contact:

 

 Pelatro Plc
 Subash Menon, Managing Director                  c/o finnCap
 Nic Hellyer, Chief Financial Officer

 finnCap Limited (Nominated Adviser and Broker)   +44 (0)20 7220 0500
 Carl Holmes/Milesh Hindocha (Corporate Finance)

 

 

This announcement is released by Pelatro Plc and, prior to publication, the
information contained herein was deemed to constitute inside information under
the Market Abuse Regulations (EU) No. 596/2014. Such information is disclosed
in accordance with the Company's obligations under Article 17 of MAR. The
person who arranged for the release of this announcement on behalf of Pelatro
Plc was Nic Hellyer, CFO.

 

 

Notes to editors

 

The Pelatro Group was founded in March 2013 by Subash Menon and Sudeesh
Yezhuvath with the objective of offering specialised, enterprise class
software solutions for customer engagement principally to telcos who face a
series of challenges including market maturity, saturation and customer churn.

 

Pelatro provides its "mViva" platform for use by customers in B2C and B2B
applications and is well positioned in the Customer Engagement space. Our
technology orchestrates the digital journey of the customers of the telcos
through contextual, relevant and real time offers and loyalty programs across
multiple channels including websites, social media, apps and others.

 

For more information about Pelatro, visit www.pelatro.com

 

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