Pendant Power extends PLC offer deadline to October 23

Bitget2026/10/16 17:33

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Pendant Power extended its offer for PLC to October 23, 2026, having fallen short of the 90% ownership threshold.
Tendered shares would lift its stake to 79.08% from 73.53%, with 1,441,644 shares submitted.
Payment is scheduled for October 30, 2026; the offer price remains unchanged.
A potential reopening would run November 2-6, 2026, with payment on November 13.
Pendant Power plans a merger to secure delisting if necessary; it already controls sufficient voting rights to approve the merger.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PLC S.p.A. published the original content used to generate this news brief via SDIR, the Italian regulatory disclosure system (Ref. ID: 0836-28-2026_TELEBORSA.pdf), on October 16, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Pendant Power extends PLC offer deadline to October 23

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