TRAKM8 HOLDINGS PLC – Acquisition

Dear client

We have notified that the boards of directors of Brillian UK Limited ("Brillian UK") and Trakm8 Holdings plc ("Trakm8") are pleased to announce that they have reached agreement on the terms and conditions of a recommended cash offer by Brillian UK for the entire issued, and to be issued, ordinary share capital of Trakm8 (the "Acquisition").  The Scheme is expected to become Effective during the second or third quarter of the calendar year 2025. 

Under the terms of the Acquisition, which will be subject to the Conditions 

for each Trakm8 Share: 9.5 pence in cash (the "Consideration") 

The Consideration values Trakm8 at approximately £7.76 million and represents a premium of up to 302% over recent trading prices. The Acquisition is intended to proceed via a Scheme, though Brillian UK reserves the right to switch to an Offer, subject to regulatory approval.

Affected ISIN: GB00B0P1RP10 

Please see link to the original notification details: https://www.londonstockexchange.com/news-article/market-news/recommended-cash-offer-for-trakm8-holdings-plc/17017041

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Kind regards