Brief: Smart Metering Systems Recommended Cash Acquisition Of SMS By Sienna Bidco

Smart Metering Systems

07/12/2023 08:07

Dec 7 (Reuters) - Smart Metering Systems PLC  SMSS.L :
    * RECOMMENDED CASH ACQUISITION
    * RECOMMENDED CASH ACQUISITION OF SMART METERING SYSTEMS PLC
("SMS") BY SIENNA BIDCO LIMITED
    * REACHED AGREEMENT ON TERMS OF A RECOMMENDED ALL CASH
ACQUISITION
    * EACH SMS SHAREHOLDER SHALL BE ENTITLED TO RECEIVE FOR EACH
SMS
SHARE 955 PENCE IN CASH
    * ACQUISITION VALUES ENTIRE ISSUED AND TO BE ISSUED ORDINARY
SHARE
CAPITAL OF SMS AT APPROXIMATELY £1.3 BILLION
    * ALL-CASH ACQUISITION OF SMS BY BIDCO, INTENDED TO BE
RECOMMENDED
UNANIMOUSLY BY SMS BOARD

Source text for Eikon:  ID:nRSG0133Wa 
Further company coverage:  SMSS.L 

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