Anexo Group Announces Proposed Tender Offer
Why we think this is neutral
The RNS announcement is about a proposed tender offer, which does not fall into any of the mandatory news categories that require a more detailed analysis. Therefore, the sentiment is assessed as neutral.
Key Points
- Proposed tender offer to return up to £12 million in cash to shareholders at 60 pence per Ordinary Share
- Tender Offer subject to Shareholder approval at a General Meeting
- Separate recommended offer by Bidco for the Ordinary Shares not already owned by Bidco
Summary
The specialist integrated credit hire and legal services provider announces a proposed tender offer to return up to £12 million in cash to shareholders.
Anexo Group plc (AIM: ANX) announces its intention to return up to £12 million in cash at 60 pence per Ordinary Share to Shareholders by way of a tender offer. The Tender Offer is subject to Shareholder approval at a General Meeting. Separately, Bidco (an entity controlled by the Joint Bidders) and the Independent Directors have announced a recommended offer by Bidco for the Ordinary Shares in the Company not already owned by Bidco.
Key Dates
6 August 2025
General Meeting to approve Tender Offer Resolution
7 August 2025
Closing Date of Tender Offer
GENERAL UPDATE