Brief: Pexa Group Announces Proposed Acquisition Of Smoove PLC

Smoove

05/10/2023 02:31

Oct 5 (Reuters) - PEXA Group Ltd  PXA.AX :
    * PEXA GROUP ANNOUNCES PROPOSED ACQUISITION OF SMOOVE PLC
    * CONSIDERATION VALUES SMOOVE AT £30.8 MILLION ON A FULLY
DILUTED
BASIS,
    * EXPECTED ACQUISITION WILL COMPLETE IN CALENDAR Q4 2023
    * ACQUISITION WILL BE FUNDED THROUGH CASH CURRENTLY HELD BY
PEXA
AND A NEWLY ESTABLISHED FACILITY
    * BOARD OF DIRECTORS OF SMOOVE INTEND TO UNANIMOUSLY
RECOMMEND
SMOOVE SHAREHOLDERS VOTE IN FAVOUR OF SCHEME

Source text for Eikon:  ID:nASX78Rzyt 
Further company coverage:  PXA.AX 

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