REG - Tialis Essential IT - Completion of Acquisition of stake in MXLG

Tialis Essential ITAnnouncement

07/10/2025 13:45

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251007:nRSG4225Ca&default-theme=true

RNS Number : 4225C  Tialis Essential IT PLC  07 October 2025

7 October 2025

The information contained within this announcement is deemed to constitute
inside information as stipulated under the retained EU law version of the
Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK
law by virtue of the European Union (Withdrawal) Act 2018. The information is
disclosed in accordance with the Company's obligations under Article 17 of the
UK MAR. Upon the publication of this announcement, this inside information is
now considered to be in the public domain.

Tialis Essential IT Plc

("Tialis", the "Company" or "Group")

Completion of Acquisition of 50% stake in MXLG Acquisitions

On 12 September 2025, Tialis (AIM: TIA), the mid-market IT managed services
provider, announced that it had signed a conditional share and purchase
agreement with MXC JV Limited for the acquisition of a 50 per cent. investment
stake in MXLG Acquisitions Limited, a joint venture between MXC JV and Liberty
Global Europe 2 Limited (the "Acquisition").

The Acquisition was conditional upon receipt from Santander UK plc
("Santander") of its consent to the Acquisition, as required pursuant to the
terms of the Company's debt arrangements with Santander.

Tialis is now pleased to announce that it received Santander's consent to the
Acquisition on 6 October and accordingly the Acquisition has completed,
marking the completion of a key strategic initiative in line with our stated
growth objectives.

Completion of this deal represents a significant milestone for the Group and
is expected to have a positive impact on assets over the medium term. The
Board is confident that this transaction will add meaningful shareholder
value.

Commenting, Chairman Ian Smith said:

"The finalisation of this agreement demonstrates the continued execution of
our strategy, focusing on sustainable growth through targeted acquisitions.
This is a highly complementary addition to our business that aligns with our
core values and strengthens our market position. On behalf of the Board, I
would like to thank our shareholders for their continued support and our team
for their dedication in bringing this deal to a successful conclusion."

The Board looks forward to providing further updates in due course.

For more information, contact:

 

 Tialis Essential IT Plc                                 Tel: +44 (0)344 874 1000

 Ian Smith, Executive Director
 Cavendish Capital Markets Ltd                           Tel: +44 (0)20 7220 0500

 Nominated Adviser and Broker

 Corporate finance: Jonny Franklin-Adams/ Elysia Bough

 Corporate Broking: Tim Redfern

 

 

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  ACQUBSURVOURRAA