Trakm8 Holdings PLC Acquired by Brillian UK Limited
Why we think this is neutral
This RNS announcement details the court sanction of a scheme of arrangement for the acquisition of Trakm8 Holdings PLC by Brillian UK Limited. As this is a general update and not one of the mandatory news types specified, I have assigned a neutral sentiment score.
Key Points
- Court has sanctioned the scheme of arrangement for the acquisition of Trakm8 by Brillian UK Limited
- Effective Date of the Scheme is expected to be 9 July 2025
- Trakm8 Shares will be cancelled from admission to trading on AIM on 10 July 2025
Summary
The technology company has received court approval for its acquisition by Brillian UK Limited.
Key details:
- Trakm8 Holdings PLC has received court approval for the recommended cash acquisition by Brillian UK Limited.
- The acquisition is being implemented through a court-sanctioned scheme of arrangement.
- The Effective Date of the Scheme is expected to be 9 July 2025, with Trakm8 Shares being cancelled from admission to trading on AIM on 10 July 2025.
GENERAL UPDATE