Update on alternative potential transaction
25/04/2023 07:00
For best results when printing this announcement, please click on link below: http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230425:nRSY2920Xa&default-theme=true RNS Number : 2920X Smoove PLC 25 April 2023 THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014 (WHICH FORMS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018) THIS IS AN ANNOUNCEMENT THAT FOLLOWS ON FROM AN ANNOUNCEMENT ON 24 APRIL 2023 THAT FALLS UNDER RULE 2.4 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "TAKEOVER CODE") 25 April 2023 Smoove plc (the "Company") Update on alternative potential transaction The Company announced on 24 April 2023 that it is in early stage discussions with PEXA Group Limited regarding a possible cash offer for the entire issued and to be issued ordinary share capital of the Company (the "Possible Offer"). As announced, there can be no certainty that an offer will be made for the Company, nor as to the terms on which an offer may be made. In addition to the Possible Offer, the Board of the Company also announced that it was considering an alternative potential transaction proposed to it by a separate third party. Such transaction, if pursued, would not result in an Offer for the Company under the rules of the City Code on Takeovers and Mergers (the "Code"). The Company has now been notified by the third party that following disclosure of the possible offer it is discontinuing discussions in relation to this alternative potential transaction. For further information please contact: Smoove plc Via Walbrook PR Jesper With-Fogstrup, CEO Michael Cress, CFO Cenkos Securities plc (Rule 3 Adviser) Tel: 020 7397 8900 Adrian Hadden / Stephen Keys / George Lawson Panmure Gordon (UK) Limited (Nomad & Broker) Tel: 020 7886 2500 Dominic Morley Rupert Dearden Walbrook PR Limited smoove@walbrookpr.com (mailto:smoove@walbrookpr.com) or Tel: 020 7933 8780 Tom Cooper / Nick Rome This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com (mailto:rns@lseg.com) or visit www.rns.com (http://www.rns.com/) . RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy) . END UPDSEDFULEDSEIL