Oryx International Growth Fund Ld Offer to acquire GYG Plc
October 30 2024 - 6:52AM
RNS Regulatory News
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
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