Business
Proposed Acquisition and Suspension of Trading
Ikigai Ventures Limited (LSE: IKIV) announced a conditional, non-binding heads of terms agreement to acquire Dotlines Global Plc and its subsidiaries, along with Audra Solutions Limited (together, the "Target Group"), for approximately £67 million. The consideration will be satisfied through the issue of new Ikigai shares. The Target Group, a vertically integrated technology group operating in the UK and Southeast Asia, reported unaudited pro forma revenues of £22 million and EBITDA of £1.7 million for the year ending December 31, 2024. Following the acquisition, Ikigai intends to seek admission to AIM. The company's shares have been temporarily suspended from trading on the London Stock Exchange. The acquisition is subject to due diligence, binding agreements, shareholder approval, and admission to AIM, along with a waiver from the Panel on Takeovers and Mergers. Disclaimer*
About this update from Dotlines Global Limited
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310\n \n21 August 2025\nIkigai Ventures Limited\n(\"Ikigai\" or the \"Company\")\n \nProposed Acquisition\nSuspension of Listing and Share Trading\n \nIkigai Ventures Limited (LSE: IKIV), a special purpose acquisition company focused on high-growth, scalable businesses, is pleased to announce that it has entered into conditional, non-binding heads of terms for the acquisition of Dotlines Global Plc and its subsidiaries (\"Dotlines Group\"), together with Audra Solutions Limited (\"Audra\") (together, the \"Target Group\") (the \"Proposed Acquisition\") for a consideration of approximately £67 million, subject to, inter alia, execution of a definitive share purchase agreement and customary due diligence. The consideration for the Proposed Acquisition is intended to be satisfied through the issue of new Ikigai shares. Following completion, and subject to the Proposed Acquisition becoming unconditional, the Company intends to seek admission of its enlarged share capital to trading on AIM, the London Stock Exchange's market for growth companies (\"Admission\").\n \nThe Target Group is a vertically integrated technology group operating across the UK and Southeast Asia, focused on delivering innovative solutions in digital infrastructure, AI driven cyber security and fintech. Dotlines Global Plc, the holding company for the Dotlines Group, and Audra are both incorporated in England and Wales with head offices in London. The Target Group also has offices in Singapore and Malaysia. \n \nThe Target Group has developed a suite of proprietary technology platforms aimed at addressing critical gaps in digital inclusion, infrastructure, and security across emerging and developed markets. Key innovations include five business lines and products:\n \n· Sohoj - a digital lifestyle platform purpose-built for migrant communities, designed to support seamless connectivity, financial empowerment, and cross-border engagement.\n \n· Catena - an AI-powered OSS/BSS (operations support system/business support system) platform, delivering end-to-end scalability and automation for telecom operators, enabling them to s...