RNS Number : 2466K
Oryx International Growth Fund Ld
30 October 2024
 

30 October 2024

Oryx International Growth Fund Limited

(the "Company")

 

 

Offer to acquire GYG Plc

The Board of Oryx is pleased to note an offer to acquire GYG PLC (held in the unquoted portfolio) at 64pps with an earnout up to 11 pps dependent on GYG's results to end December 2024.

This represents (excluding earnout) a 106% premium to the valuation at end March 2024 and a premium of circa 7% to the end September valuation, when the offer was very close to announcement.

The offer is subject only to approval by the Spanish equivalent of the CMA having secured 92% acceptances.

On the successful completion of the offer, Oryx's liquidity will increase by £6,700,000 with a further £1,150,000 later in 2025 if the earnout is achieved in its entirety.

For enquires:

Christopher Mills 020 7640 3200

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
ACQFLFEIIILIVIS