Inactive Instrument

Appreciate Group plc

PKG

GB0006710643

Appreciate shareholders vote for PayPoint acquisition

January 20, 2023 at 01:36 pm EST

Appreciate Group PLC - Merseyside, England-based multi-retailer redemption product provider to corporate and consumer markets - Reports that a majority of its shareholders have voted in favour of the acquisition by PayPoint PLC at its general meeting and the court meeting. At the court meeting, 99% of shareholders voted for the acquisition. At the general meeting, motion also gets 99% support. The acquisition still remains subject to the satisfaction or waiver of other conditions, including the court sanctioning the scheme at the court hearing, it says.

Current stock price: 41.90 pence each

12-month change: up 65%

By Abby Amoakuh, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Appreciate Group plc

PayPoint expects "top end" profit with accelerated revenue growth	23-04-20	AN
AIQ revenue soars; Mobius Investment net assets drop	23-02-28	AN
PayPoint plc completed the acquisition of Appreciate Group plc from Schroder Investment Management Limited and others.	23-02-27	CI
Appreciate takeover by PayPoint to complete later this month	23-02-23	AN
TRADING UPDATES: Appreciate gets court date; Corcel completes sale	23-01-25	AN
Appreciate shareholders vote for PayPoint acquisition	23-01-20	AN
UK dividends calendar - next 7 days	23-01-20	AN
UK shareholder meetings calendar - next 7 days	23-01-13	AN
Appreciate says profit outlook remains in line with guidance	23-01-13	AN
UK dividends calendar - next 7 days	23-01-12	AN
Appreciate Group formally appoints interim CFO to the board	23-01-05	AN
Appreciate Group plc Appoints Talha Ahmedhas to the Group's Board	23-01-05	CI
PayPoint revenue grows in all divisions as "transformation" continues	22-11-24	AN
Appreciate shares rise as half-year loss is halved; dividend increased	22-11-22	AN
Appreciate increases payouts as it halves interim loss	22-11-22	AN
Appreciate Group plc Reports Earnings Results for the Half Year Ended September 30, 2022	22-11-22	CI
Appreciate Group plc Declares an Interim Dividend for First Half of Fiscal Year 2023, Payable on 27 January 2023	22-11-22	CI
UK earnings, trading statements calendar - next 7 days	22-11-15	AN
LONDON MARKET CLOSE: FTSE 100 lags behind European counterparts	22-11-07	AN
LONDON MARKET MIDDAY: FTSE 100 treads water but European shares rise	22-11-07	AN
TOP NEWS: PayPoint buys Appreciate and expects attractive returns	22-11-07	AN
AIM WINNERS & LOSERS: PayPoint buys Appreciate; Joules sinks	22-11-07	AN
LONDON MARKET OPEN: Flat on poor China data and stubborn Covid policy	22-11-07	AN
LONDON BRIEFING: Flutter gets FanDuel win; PayPoint buys Appreciate	22-11-07	AN
PayPoint plc agreed to acquire Appreciate Group plc from Schroder Investment Management Limited and others for Â£82 million.	22-11-06	CI

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Company Profile

Appreciate Group plc is a United Kingdom-based gifting and engagement company. The Company has a portfolio of brands, designed for the consumer and business customers. Its consumer-facing brands meet a range of saving and gifting needs, while its business products help its corporate customers reward and recognize their employees and clients. The Company's brands include Love2shop, highstreetvouchers.com, Park Christmas Savings and Appreciate Business Services. Its products include Love2shop Gift Card, Love2shop Gift Voucher, Love2shop Holidays, Single store vouchers and gift cards, Corporate gift cards and VIP experiences and group travel. Love2shop Gift Card is a flexible, pre-paid gift card that enables its customers to spend in their high street stores and a selected range of online retailers. The Love2shop Gift Voucher is a multi-retailer voucher, which can be used to buy products from approximately 200 brands and over 25,000 retail outlets.

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