Global law firm Ashurst is advising Jefferies International Limited (Jefferies) as financial adviser to PayPoint plc (PayPoint) in connection with PayPoint's recommended offer for Appreciate Group plc (Appreciate Group).
Appreciate Group shareholders will be entitled to receive 33 pence in cash and 0.0190 new shares in PayPoint under the terms of the acquisition. In addition, each Appreciate Group shareholder will be entitled to a dividend of up to 0.8 pence per Appreciate Group share which is declared and paid by the board of Appreciate Group, in respect of the six-month period ended 30 September 2022.
The acquisition values each Appreciate Group share at 44 pence and the entire issued and to be issued share capital of Appreciate Group at approximately £83 million.
Appreciate Group is a leading gifting and engagement company, with a wide portfolio of brands designed for consumer and business customers, and a well established technology platform.
The Ashurst team was led by corporate partner James Fletcher and global loans partner Tim Rennie. They were supported by associates Colin Bugler, Sandile Sibiya and Juan Casal.
