7 November 2022 - takeover
The AIM-listed pre-payment and gifting group has announced the terms of an agreed bid for the company from Paypoint plc which values the company at a significant premium to Friday night's closing price of 26.05p. The bid, which is being recommended by the Board of Appreciate, is 33p in cash plus 0.019 of a share in Paypoint. Shares in Paypoint closed at 580p on Friday meaning that the value of the share element of the bid is around 11p - this takes the value of the bid to 44p per share although . . .
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