Good Energy extends deadline for potential takeover by Esyasoft
Good Energy Group
352.50p
16:55 25/11/24
Good Energy Group announced an extension to the deadline for Esyasoft to decide on a potential takeover bid for the company on Monday.
Electricity
10,735.34
17:15 25/11/24
FTSE AIM All-Share
733.53
17:14 25/11/24
Esyasoft previously submitted an indicative, non-binding proposal to acquire the entire issued and to-be-issued share capital of Good Energy.
The AIM-traded firm said the initial deadline of 1700 GMT on 25 November, set under the Takeover Code, had been extended to 1700 GMT on 23 December, following a request by Good Energy to allow Esyasoft more time to complete its due diligence.
By the revised deadline, Esyasoft would need to either announce a firm intention to make an offer under Rule 2.7 or confirm that it did not intend to proceed.
At 1519 GMT, shares in Good Energy Group were down 0.66% at 350.16p.
Reporting by Josh White for Sharecast.com.