Business
Notice of GM and Related Party Transaction
Tialis Essential IT Plc announced a General Meeting on October 3, 2025, to approve the acquisition of a 50% stake in MXLG Acquisitions Limited for £7.15 million, settled via 9,533,333 new Ordinary Shares priced at 75p each. Additionally, shareholders will vote on the conversion of £300,000 of unsecured convertible loan notes, plus £48,162 interest, into 870,405 new Ordinary Shares. The meeting will also address settling £1,637,918 of deferred consideration for the Allvotec acquisition by issuing 2,339,883 new Ordinary Shares at 70p each. Post-admission, the total Ordinary Shares will be 39,909,832. MXLG reported £28.2m revenue, £10.1m gross profit, £1.9m adjusted EBITDA, and a £0.5m loss before tax for 2024, with a projected December 2025 EBITDA run rate of £2.7m. Disclaimer*
About this update from Tialis Essential It Plc
[{"type":"text","content":"\n\n12 September 2025\nThe information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the \"UK MAR\") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain.\nTialis Essential IT Plc\n(\"Tialis\" or the \"Company\")\nNotice of General Meeting, Related Party Transaction and Issue of Voting Rights\n \nTialis (AIM: TIA), the mid-market IT managed services provider, announces that a Notice of General Meeting (\"GM Notice\") and Form of Proxy are being posted to shareholders.\n \nThe Company's general meeting will be held on 3 October 2025 at the offices of Cavendish Capital Markets Limited, 1 Bartholomew Close, London EC1A 7BL at 10:00 a.m.\n \nA copy of the GM Notice can be found on the Company's website at www.tialis.com.\n \nThe GM Notice is accompanied by a Letter from the Executive Director, Ian Smith, which is set out below.\n \nFor more information, contact:\n \n\n\n\n\nTialis Essential IT Plc\nIan Smith, Executive Director\n\n\nTel: +44 (0)344 874 1000\n\n\n\n\nCavendish Capital Markets Ltd\nNominated Adviser and Broker\nCorporate finance: Jonny Franklin-Adams/ Elysia Bough\nCorporate Broking: Tim Redfern\n\n\nTel: +44 (0)20 7220 0500\n\n\n\n\nIntroduction and summary\nTialis Essential IT plc (the \"Company\", the \"Group\", or \"Tialis\") today announced that it had signed a conditional share and purchase agreement with MXC JV Limited (\"MXC JV\") for the acquisition of a 50 per cent. investment stake in MXLG Acquisitions Limited (\"MXLG\"), a joint venture between MXC JV and Liberty Global Europe 2 Limited (the \"Acquisition\").\nMXC JV is jointly owned in equal proportions by MXC Guernsey Limited (\"MXC Guernsey\") and Guernsey Investment Fund PCC Limited - GIF Technology and Innovation Cell.\nLiberty Global Europe 2 Limited is a wholly owned subsidiary of Liberty Global Plc the world's largest international TV and broadband company.\n \nThe Company also announced (i) the proposed conversion of the unsecured convertible loa...