Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Smoove PLC - Oxon, England-based software solutions provider for the housing market - Kestrel Partners LLP buys 1.3 million shares at an average 52 pence each for its discretionary clients on Friday. Worth total £676,000. Oliver Scott, a non-executive director of Smoove, is a partner of Kestrel. He is also a shareholder in one of Kestrel’s clients, Kestrel Opportunities, and is therefore deemed to have a beneficial interest in Kestrel Opportunities’ entire legal holding in Smoove. Kestrel Opportunities holds, and consequently Scott is deemed to have a beneficial interest in, 10.7 million shares in Smoove. Other clients of Kestrel, in which Scott has no beneficial interest hold 6.3 million shares in the company. In total, Kestrel indirectly holds voting rights over 17.0 million shares in the company, around 30% of its share capital.
On Wednesday last, Smoove said it had agreed a £30.8 million takeover from Digcom UK Holdings Ltd, an indirect subsidiary of Pexa Group Ltd. It described the 54 pence per share bid as ‘fair and reasonable.’
Current stock price: 52.00 pence
12-month change: up 36%
Copyright 2023 Alliance News Ltd. All Rights Reserved.