Dear client
The boards of Esyasoft and Good Energy are pleased to announce that they have reached agreement on the terms of a recommended cash offer for the entire issued and to be issued ordinary share capital of Good Energy (the "Acquisition"). It is intended that the Acquisition will be implemented by way of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act.
Under the terms of the Acquisition, each Good Energy Shareholder will be entitled to receive:
For each Good Energy Share: 490 pence in cash (the "Cash Consideration")
The Acquisition values the entire issued and to be issued share capital of Good Energy at approximately £99.4 million on a fully diluted basis, and implies an enterprise value of approximately £67.8 million.
The Scheme is expected to become Effective in H1 2025, subject to the satisfaction or, where permitted, waiver of the Conditions.
Please see link to the notification received: https://www.londonstockexchange.com/news-article/GOOD/recommended-cash-acquisition-of-good-energy-group/16869721
There are currently no shareholders on the platform.
Kind regards
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article