Business
Recommended Offer for Intuitive Investments Group
Acceler8 Ventures PLC has announced a recommended all-share offer to acquire Intuitive Investments Group PLC for approximately £600 million, based on a middle market closing price of 80 pence per AC8 share. The acquisition, to be implemented via a scheme of arrangement, will result in Intuitive Investments Group shareholders owning approximately 99.01% of the enlarged Acceler8 Ventures group upon admission to the Equity Shares (Commercial Companies) category of the Official List and trading on the London Stock Exchange's Main Market. This transaction is intended to fulfill Acceler8 Ventures' initial acquisition requirement and aims to unlock long-term value by leveraging Intuitive Investments Group's principal investment in Hui10, a technology group focused on China's lottery ecosystem. Disclaimer*
About this update from Acceler8 Ventures Plc
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION (INCLUDING THE UNITED STATES) WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION. THE FOLLOWING ANNOUNCEMENT IS NOT AN ADVERTISEMENT OR A PROSPECTUS OR A CIRCULAR OR A PROSPECTUS EQUIVALENT DOCUMENT AND INVESTORS SHOULD NOT MAKE ANY INVESTMENT DECISION IN RELATION TO THE ACQUISITION AND AC8 SHARES EXCEPT ON THE BASIS OF THE INFORMATION TO BE SET OUT IN THE SCHEME DOCUMENT AND THE AC8 PROSPECTUS WHICH ARE PROPOSED TO BE PUBLISHED IN DUE COURSE. THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) NO. 596/2014 AS IT FORMS PART OF UNITED KINGDOM DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED BY VIRTUE OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, SUCH INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN. FOR IMMEDIATE RELEASE 30 June 2026 RECOMMENDED ALL-SHARE OFFER for INTUITIVE INVESTMENTS GROUP PLC by ACCELER8 VENTURES PLC to be implemented by means of a scheme of arrangement under Part 26 of the Companies Act 2006 Summary and Highlights · The independent director of Acceler8 Ventures Plc ("AC8") (the "Independent AC8 Director") and independent directors of Intuitive Investments Group plc ("IIG") (the "Independent IIG Directors") are pleased to announce that they have reached agreement on the terms and conditions of a recommended all-share offer by AC8 for the entire issued, and to be issued, ordinary share capital of IIG (the "Acquisition") (AC8, together with its subsidiary and IIG and its subsidiaries will form the "Combined Group"), alongside the proposed admission of AC8 Shares to the Equity Shares (Commercial Companies) ("ESCC") category of the Official List (the "Official List") maintained by the Financial Conduct Authority ("FCA") and trading on the London Stock Exchange's main market for listed securities (the "Main Market") ("Admission") (together, the Acquisition and Admission being the "Transaction"). · It is intended that the Acquisition will be effected by way of a court‑sanctioned scheme of arrangement under Part 26 of the 2006 Act (although AC8 reserves the right...
View stock analysis, news, and events for Acceler8 Ventures Plc