IN BRIEF: Kinovo would not recommend 56p per share bid from Rx3

Fri, 01st Sep 2023 19:56

Kinovo PLC - London-based property services provider offering safety compliance and sustainability solutions - Says it would not recommend shareholders accept a 56 pence per share offer from Rx3 Holdings Ltd should a firm bid be made. On August 24, Kinovo said it had received a non-binding indicative offer from Rx3 which may or may not lead to an offer being made.

Decision follows a process of consultation with certain key shareholders and considered direct shareholder feedback.

Current stock price: 52.00 pence

12-month change: up 33%

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Related Shares

More News

24 May 2024 10:51

Kinovo shares rise as expects annual profit to beat expectations

(Alliance News) - Kinovo PLC on Friday said it is benefiting from its strategic repositioning and resulting growth strategy as it anticipates profit a...

24 May 2024 10:37

AIM WINNERS & LOSERS: Kinovo rises as results ahead of expectations

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

2 May 2024 14:17

IN BRIEF: Kinovo expects annual results to beat expectations

Kinovo PLC - London-based provider of safety and regulatory compliance services for the property sector - Predicts results for the financial ended Ma...

2 May 2024 12:02

LONDON MARKET MIDDAY: FTSE 100 shines but "mixed feelings" after Fed

(Alliance News) - London's FTSE 100 was solidly higher on Thursday, outperforming European peers, as earnings from the likes of Shell and Standard Cha...

2 May 2024 10:48

AIM WINNERS & LOSERS: Surface Transforms sinks on discount placing

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.