IN BRIEF: Smoove updates shareholders on GBP31 million takeover

Smoove PLC - Oxon, England-based software solutions provider for the housing market - Says ...

Alliance News 4 December, 2023 | 9:22PM
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Smoove PLC - Oxon, England-based software solutions provider for the housing market - Says regulatory conditions of its takeover have now been satisfied or, where applicable, waived. In October, Smoove said it had agreed a GBP30.8 million takeover from Digcom UK Holdings Ltd, an indirect subsidiary of Pexa Group Ltd. Sydney-listed Pexa which operates Pexa Exchange, a digital property settlements platform in Australia said it believes there is a significant opportunity for Smoove's existing customers to benefit from its digital property settlements platform and wider service offering.

Plans to seek court sanction of its takeover on December 15. Expects last day of dealings in Smoove shares to be Decemer 18.

Current stock price: 53.00 pence

12-month change: up 36%

By Sophie Rose, Alliance News senior reporter

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Smoove PLC 53.50 -

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