Inactive Instrument

Xpediator Plc

XPD

GB00BF6P5V92

Xpediator says takover by DLM Bidco approved by court and shareholders

June 07, 2023 at 09:38 am EDT

(Alliance News) - Xpediator PLC on Tuesday said a recommended cash offer by DLM Bidco Ltd has been approved by shareholders and the court.

The Braintree, England-based freight management services provider said the offer remains subject to a court sanctioning.

Back in April, Xpediator and DLM Bidco announced an agreement for the entire issued share capital of Xpediator, valued at GBP62.3 million, or 42 pence per share plus a special dividend of 2p per share.

DLM Bidco is a newly incorporated entity which will be owned by funds advised by BaltCap, Cogels Investments and Nuoma IR Kapitalas.

BaltCap is an investor in the Baltic region, and Nuoma is a 20% shareholder of Xpediator's subsidiary Delamode Baltics UAB, as well as Delamode's managing director.

Shares in Xpediator were up 1.2% at 41.50 pence each in London on Wednesday afternoon.

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Xpediator Plc

Xpediator takeover becomes effective; shares to be cancelled next week	23-07-07	AN
DLM Bidco’s Acquisition of Xpediator Becomes Effective	23-07-07	MT
Cogel Investments Limited, funds managed by AS BaltCap and Justas Versnickas completed the acquisition of a 73.71% stake in Xpediator Plc from Shaun R Godfrey, Sandu Grigore and others.	23-07-06	CI
Xpediator confirms effective date of share takeover	23-07-06	AN
All Things Considered raises funds to buy Sandbag	23-06-28	AN
DLM Bidco Consortium Confirms Date to Seek Romanian Approval for Planned Xpediator Takeover	23-06-22	MT
Xpediator says takover by DLM Bidco approved by court and shareholders	23-06-07	AN
Xpediator Plc Auditor Raises 'Going Concern' Doubt	23-06-05	CI
Xpediator boosts profit and revenue ahead of possible takeover	23-05-23	AN
Xpediator Plc Reports Earnings Results for the Full Year Ended December 31, 2022	23-05-23	CI
Xpediator Plc Recommends No Final Dividend for the Year 2022	23-05-23	CI
FTSE 100 Closes Up 1.03% in Third Week of Gains	23-04-06	DJ
WPP Gains on Talk of FGS Global Stake Sale	23-04-06	DJ
Gilt Yields Could Fall as Impact of BOE Rate Rises Emerge	23-04-06	DJ
AIM WINNERS & LOSERS: Block Energy up as financial position improves	23-04-06	AN
Xpediator agrees to takeover by founder and former CEO Stephen Blyth	23-04-06	AN
FTSE 100 Rises as TUI, Miners Gain	23-04-06	DJ
UK Property Market Appears to Be Steadying, Data Says	23-04-06	DJ
FTSE 100 Seen Little Changed as Asian Markets Fall	23-04-06	DJ
Xpediator Receives Bid from Three-party Consortium	23-04-06	MT
FTSE 100 Index Closed Up 1.2% on US Inflation Data	23-03-14	DJ
UK's Declining Wage Growth a Positive for BOE	23-03-14	DJ
Xpediator extends deadline for consortium offer to March 14	23-02-14	AN
FTSE 100 Closes Thursday Up Despite BOE Rate Hikes	23-02-02	DJ
UK Gilt Yields Fall as BOE Raises Rates	23-02-02	DJ

Chart Xpediator Plc

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Company Profile

Xpediator Plc is an international freight management company. The Company provides logistics and transport support solutions, exploiting the global growth demand for transportation services. The Company's divisions include Freight Forwarding, Warehousing and Logistics and Transport Support Services. The Freight forwarding division provides international freight management services by road, air and sea. The Logistics and warehousing division consisting of palletized freight network in Romania, and further warehousing and port center logistics services in the United Kingdom. The Transport support services division delivering a one stop shop solution for transport companies in Romania, Serbia, Montenegro, Macedonia, and Bulgaria. The Company is also engaged in providing road freight logistics and services; sea freight services and sea freight logistics; air freight services; logistics and warehousing; e-commerce fulfilment and e-commerce warehousing, and port centric retail logistics.

Sector

Air Freight & Logistics

Calendar

2024-09-22 - Q2 2024 Earnings Release (Projected)

More about the company

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