Good Energy extends deadline for potential offer from Esyasoft
Updated : 10:05
Good Energy Group announced an extension to the deadline for Esyasoft Holding to decide on a potential offer for the company on Monday.
The AIM-traded firm said the revised ‘put up or shut up’ (PUSU) deadline, approved by the UK Takeover Panel, was now set for 1700 GMT on 20 January.
It said the extension followed its request to allow Esyasoft additional time to complete its due diligence.
By the new deadline, Esyasoft would need to either announce a firm intention to make an offer under the Takeover Code, or confirm that it did not intend to proceed.
Good Energy said there was no certainty at this point that an offer would be made, adding that the deadline could be further extended with the Takeover Panel’s consent at its request.
Esyasoft’s non-binding proposal for the renewable energy supplier was first disclosed on 28 October.
At 1005 GMT, shares in Good Energy Group were up 0.67% at 375p.
Reporting by Josh White for Sharecast.com.