Checkit plc ( (GB:CKT) ) just unveiled an update.
Checkit plc has announced a recommended all-share merger with Crimson Tide plc, which will be executed through a court-sanctioned scheme of arrangement. The merger, which requires approval from Checkit shareholders, will see Crimson Tide shareholders receiving 6 new Checkit shares for each Crimson Tide share they hold. Checkit’s board unanimously supports the merger, considering it beneficial for the company and its stakeholders, and has secured irrevocable undertakings from directors holding approximately 20.34% of Checkit’s share capital to vote in favor of the resolution.
More about Checkit plc
Checkit plc operates in the technology industry, focusing on providing software solutions for operational and workforce management. The company’s primary products include digital tools designed to enhance efficiency and compliance in various sectors, aiming to optimize business processes and improve productivity.
YTD Price Performance: -16.67%
Average Trading Volume: 270,489
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £16.2M
See more data about CKT stock on TipRanks’ Stock Analysis page.