On 24 January, 6pm Holdings plc (“6pm”) announced that it was informed that, at the end of the acceptance period with respect to the conditional voluntary public takeover offer launched by Idox plc (“Idox”), the level of acceptances stood at approximately 98.15% of the issued share capital of the Company. Furthermore, Idox notified 6pm that all the conditions set out in the Offer Document dated 14 December 2016 have been satisfied and thus the voluntary public takeover offer has now turned unconditional in all respects.
As a result, given that Idox will hold over 90% of all the issued share capital of the Company, Idox intends to exercise its right of requiring the remaining shareholders of 6pm to sell and transfer their respective stake in 6pm to Idox. Further information about this process will be communicated in due course.
Following completion of the takeover bid and on acquiring all the issued shares of 6pm, Idox intends to apply for the de-listing of 6pm. Further updates will be announced in due course.