Brief: Smoove Confirms Talks On Possible Buyout Offer By PEXA

Smoove

24/04/2023 11:59

April 24 (Reuters) - Smoove PLC  SMV.L :
    * STATEMENT REGARDING A POSSIBLE OFFER
    * IT IS IN EARLY DISCUSSIONS WITH PEXA GROUP LIMITED
    * CONFIRMS THAT IT IS IN EARLY DISCUSSIONS WITH PEXA GROUP
LIMITED
("PEXA"), REGARDING A POSSIBLE CASH OFFER
    * IT IS CONSIDERING AN ALTERNATIVE POTENTIAL TRANSACTION
PROPOSED
TO IT BY A SEPARATE THIRD PARTY
    * DISCUSSIONS WITH PEXA REMAIN AT AN EARLY STAGE
    * PEXA MUST, BY NOT LATER THAN 5.00 P.M. ON 22 MAY 2023,
EITHER
ANNOUNCE A FIRM INTENTION TO MAKE AN OFFER FOR COMPANY OR WALK
AWAY

Source text for Eikon:  ID:nRSX2413Xa 
Further company coverage:  SMV.L 

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