Inactive Instrument

Sopheon plc

SPE

GB00BSZM1369

Sopheon shares cancelled as Wellspring takeover effective

February 21, 2024 at 12:46 pm EST

Sopheon PLC - Minnesota-based enterprise software and services company - Updates on its acquisition by IOps Buyer Inc, a subsidiary of Wellspring Worldwide Inc, itself a portfolio company of funds managed and/or advised by Atlanta, Georgia-based private equity firm Resurgens Technology Partners. Said on Tuesday that the scheme of arrangement was now effective, and that its entire share capital is now owned by IOps. Shares were suspended on Tuesday in London.

Company announces on Wednesday that its shares are cancelled from trading on the London Stock Exchange's AIM market, with immediate effect.

By Emma Curzon, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	LONDON STOCK EXCHANGE PLC	8,934 GBX	+0.49%	-0.56%	59.47B
	FTSE 100	8,140 PTS	+0.75%	+3.09%	-

Latest news about Sopheon plc

Sopheon shares cancelled as Wellspring takeover effective	Feb. 21	AN
Sopheon Delists from London Bourse	Feb. 21	MT
Wellspring Worldwide Inc. completed the acquisition of Sopheon plc from Barry Mence, Rivomore Limited, Universal Investment GmbH, Joh. Berenberg, Gossler & Co. KG and other shareholders.	Feb. 19	CI
Scheme to facilitate Wellspring bid for Sopheon sanctioned	Feb. 16	AN
UK Court Clears Sopheon's Sale to Wellspring Worldwide	Feb. 16	MT
Nexxen expands partnership; Geiger considers listing	Feb. 08	AN
Sopheon Shareholders Approve Wellspring Worldwide's GBP115 Million Offer	Feb. 08	MT
Fancom Selects Sopheon to Drive InnovationOps	Jan. 17	CI
Sopheon gets green light for Wellspring takeover offer	Jan. 11	AN
Correction: Wellspring Worldwide's Sopheon Takeover Gets UK Regulatory Nod	Jan. 11	MT
Wellspring Worldwide's Sopheon Takeover Gets UK Regulatory Nod	Jan. 11	MT
Sopheon agrees terms for "compelling" Wellspring takeover offer	Dec. 22	AN
UK firm Pearson's top investor calls for US listing switch - Bloomberg News	Dec. 15	RE
Sopheon extends bid deadline; Fenikso receives funds	Nov. 28	AN
Wellspring Worldwide Unit Secures Extension to Declare Firm Intention for Sopheon	Nov. 28	MT
FTSE 100 returns early progress as BP disappoints	23-10-31	AN
Sopheon Shares Soar on Potential GBP115 Million Takeover by Wellspring Worldwide	23-10-31	MT
Sopheon shares surge as receives Wellspring takeover interest	23-10-31	AN
Wellspring Worldwide Inc. reached an agreement in principle to acquire Sopheon plc from Barry Mence, Rivomore Limited and other shareholders for approximately £110 million.	23-10-30	CI
Sopheon Announced the Launch of Accolade 16.0, Featuring Improved Collaboration Capabilities	23-09-12	CI
Sopheon swings to pretax profit as "strong year" boosts revenue	23-08-24	AN
Earnings Flash (SPE.L) SOPHEON Reports H1 Revenue $17M	23-08-24	MT
Sopheon plc Reports Earnings Results for the Half Year Ended June 30, 2023	23-08-24	CI
Sasol Selects Sopheon to Manage Sustainable Specialty Chemicals Innovation	23-08-16	CI
Sopheon Announces Integration with Pendo's Product Experience Platform	23-08-01	CI

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Company Profile

Sopheon plc is engaged in the design, development, and marketing of software products with associated implementation and consultancy services. The Company is focused on the provision of software and services for complete enterprise innovation management (EIM) solutions. The Company's products include Accolade, Acclaim Ideas, Acclaim Products, and Acclaim Projects. Accolade is a management product that connects organizations to marketplace change and to delivering new products. Acclaim Ideas is the idea management tool to find, align, test, and deliver the ideas in the organization. Acclaim Products enables people to track product health, prioritize trade-offs, inform stakeholders, and make decisions. Acclaim Projects is the command center for project management offices. It provides project assurance and informed decision-making throughout the project's lifecycle. The Company's customers include Smucker, Rust-Oleum, AB Electrolux, Merck KGaA, and Certis Europe.

Sector

Software

Calendar

2024-08-21 - Q2 2024 Earnings Release (Projected)

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