DBAY Advisors Limited made an offer to acquire remaining 71% stake of Anexo Group Plc (AIM:ANX) for approximately £120 million on June 23, 2021. The offer will be made at a price of £1.50 per share in cash. In accordance with Rule 2.6(a) of the Code, DBAY must, by July 21, 2021, either announce a firm intention to make an offer for Anexo in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline may be extended with the consent of the Panel in accordance with Rule 2.6(c) of the Code. DBAY reserves the right to introduce other forms of consideration and/or vary the form and/or mix of the consideration of any offer, as well as the structure of such an offer. John Llewellyn-Lloyd, Richard Johnson and Akhil Shah of Arden Partners plc acted as financial advisors for Anexo. Gary Clarence and Harry Hargreaves of Investec Bank plc acted as financial advisors for DBAY. DBAY Advisors Limited terminated an offer to acquire remaining 71% stake of Anexo Group Plc (AIM:ANX) on August 18, 2021.