Checkit (AIM:CKT), in a statement ahead of Friday's AGM, said it has received credible interest from potential acquirers in the Formal Sale Process it announced on 26 March, with discussions ongoing as the group attends its annual general meeting today.
The AIM-listed automated monitoring and operational intelligence platform for frontline-led organisations has not disclosed any financial terms or identified bidders.
The update emphasised that no firm intention to make an offer under Rule 2.7 of the Takeover Code has been made and that current discussions may be altered or terminated at any time. Accordingly, there is no certainty that any offer will be made, that any sale will be concluded, or as to the terms on which any offer might be made.
Shareholders are advised to take no action at this time.
Singer Capital Markets is acting exclusively as financial adviser to Checkit in connection with the Formal Sale Process.
