Alpha Group International PLC (Lon: Alph) today issued an update on a possible offer by Corpay, Inc.
Alpha’s board has recently held discussions with Corpay and believes that it is in the interest of shareholders to continue involvement with Corpay.
According to Rule 2.6 (a) of the code, Corpay is required by 5:00 pm On May 30, 2025 (“Pusu Deadline”), to announce a steady intention to submit an Alpha bid or announce that it does not intend to make an offer.
The Board of Directors has also requested the team for redemption and mergers has consent, an extension of Pusu’s deadline, which requires either to announce a steady intention to submit an offer for Alpha according to Code Rule 2.7 or announce that it does not intend to submit a bid.
This announcement must now be made by 5.00 pm (London Time) on July 7, 2025.