Extension of PUSU Period
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY (IN WHOLE OR IN PART) IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
THIS ANNOUNCEMENT IS NOT AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE") AND THERE CAN BE NO CERTAINTY THAT ANY OFFER WILL BE MADE, NOR AS TO THE TERMS ON WHICH ANY OFFER MAY BE MADE
FOR IMMEDIATE RELEASE
7 July 2025
Alpha Group International plc
("Alpha" or the "Company")
Update regarding possible offer by Corpay, Inc. ("Corpay") and extension of PUSU Period
Further to the announcement dated 6 May 2025, and the subsequent announcement on 30 May 2025, the Board of Alpha (the "Board") has held constructive discussions with Corpay, which are advancing, and believes that it is in the best interests of shareholders to continue this engagement.
As announced on 30 May 2025, in accordance with Rule 2.6(a) of the Code, Corpay was required, by no later than 5:00 p.m. on 7 July 2025 (the "PUSU Deadline"), to either announce a firm intention to make an offer for Alpha in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies.
The Board has, in accordance with Rule 2.6(c) of the Code, requested, and the Panel on Takeovers and Mergers (the "Takeover Panel") has consented to, an extension to the PUSU Deadline by which Corpay is required either to announce a firm intention to make an offer for Alpha in accordance with Rule 2.7 of the Code or to announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies.
Such announcement must now be made by not later than 5.00 p.m. (London time) on 24 July 2025 (the "New PUSU Deadline"). The New PUSU Deadline can be extended by the Board, with the consent of the Takeover Panel.
A further announcement will be made as appropriate.
Enquiries:
|
Alpha Group International plc |
Via Peel Hunt |
||
|
Clive Kahn, CEO |
|
|
|
|
Tim Powell, CFO |
|
|
|
|
Peel Hunt LLP (Joint Financial Adviser and Corporate Broker to Alpha) |
+44 (0) 20 7418 8900 |
|||
|
Neil Patel |
|
|
||
|
Benjamin Cryer |
|
|
||
|
Centerview Partners UK LLP (Joint Financial Adviser to Alpha) |
+44 (0) 20 7409 9700 |
|||
|
Tadhg Flood |
|
|
||
|
Hadleigh Beals |
|
|
||
|
Panmure Liberum (Corporate Broker to Alpha) |
+44 (0) 20 3100 2000 |
|||
|
Max Jones |
|
|
||
|
William King
|
|
|
||
|
Alma Strategic Communications (Financial Public Relations) |
+44 (0) 20 3405 0205 |
|||
|
Josh Royston |
|
|
||
|
Andy Bryant
|
|
|
||
Freshfields LLP is acting as legal adviser to Alpha.
Important information
Peel Hunt LLP ("Peel Hunt"), which is authorised and regulated in the United Kingdom by the FCA, is acting exclusively as financial adviser and corporate broker to Alpha and for no one else in connection with the matters referred to in this announcement and will not be responsible to any person other than Alpha for providing the protections afforded to clients of Peel Hunt, nor for providing advice in relation to the matters referred to herein. Neither Peel Hunt nor any of its affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Peel Hunt in connection with the matters referred to in this announcement, or otherwise.
Centerview Partners UK LLP ("Centerview"), which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting exclusively as financial adviser to Alpha and no one else in connection with the matters set out in this announcement and will not be responsible to anyone other than Alpha for providing the protections afforded to its clients or for providing advice in relation to the contents of this announcement or any other matters referred to in this announcement. Neither Centerview nor any of its affiliates, nor any of Centerview's and such affiliates' respective members, directors, officers, controlling persons or employees owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, consequential, whether in contract, in tort, in delict, under statute or otherwise) to any person who is not a client of Centerview in connection with this announcement, any statement contained herein or otherwise.
This announcement is not intended to, and does not, constitute or form part of any offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities whether pursuant to this announcement or otherwise.
The distribution of this announcement in jurisdictions outside the United Kingdom may be restricted by law and therefore persons into whose possession this announcement comes should inform themselves about and observe such restrictions. Any failure to comply with the restrictions may constitute a violation of the securities law of any such jurisdiction.
Publication on Website
In accordance with Rule 26.1 of the Code, a copy of this announcement will be made available subject to certain restrictions relating to persons resident in restricted jurisdictions on Alpha's website at www.Alphagroup.com/announcement/ by no later than 12 noon London time on 8 July 2025. The content of the website referred to in this announcement is not incorporated into and does not form part of this announcement.
Additional Information
For the purposes of MAR, this announcement is being made on behalf of Alpha by Tim Powell, CFO.
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.
Latest directors dealings
- 2 minutes ago Crest Nicholson Holdings
- 28 minutes ago Naked Wines
- 28 minutes ago Greencoat UK Wind
- 41 minutes ago Everyman Media Group
- 43 minutes ago BP