Business
Response to speculation
Response to speculation.
About this update from Alfa Financial Software Holdings Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION\nTHIS IS AN ANNOUNCEMENT UNDER RULE 2.4 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE \"CODE\") AND IS NOT AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE CODE. THERE CAN BE NO CERTAINTY THAT AN OFFER WILL BE MADE, NOR AS TO THE TERMS ON WHICH ANY OFFER MIGHT BE MADE\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION\nFOR IMMEDIATE RELEASE\n9 June 2023\n \nAlfa Financial Software Holdings PLC (\"Alfa\")\nResponse to speculation\nThe Board of Alfa notes the recent press speculation concerning the possibility of an offer being made for the entire issued and to be issued share capital of Alfa. \nThe Board of Alfa confirms that it has received a number of unsolicited, non-binding proposals from EQT regarding a possible offer for Alfa. The latest proposal is at a level of 208 pence per ordinary share in cash, with shareholders having the option to elect for a partial unlisted share alternative offer. \nThere can be no certainty that a firm offer will be made for Alfa.\nIn accordance with Rule 2.6(a) of the City Code on Takeovers and Mergers (\"Code\"), EQT is required, by not later than 5:00 p.m. (London time) on 7 July 2023, being 28 days after today's date, to either announce a firm intention to make an offer for Alfa in accordance with Rule 2.7 of the Code, or announce that it does not intend to make an offer for Alfa, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can be extended with the consent of the Panel on Takeovers and Mergers in accordance with Rule 2.6(c) of the Code.\nA further announcement will be made as and when appropriate. This announcement has not been made with the consent of EQT.\nThe person responsible for arranging the release of this announcement on behalf of Alfa is Duncan Magrath, Chief Financial Officer.\n \nEnquiries:\nAlfa ...