Pendant Power reaches 88.124% of PLC in provisional offer results

Bitget2026/10/23 17:17

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Pendant Power is set to hold 88.12% of PLC following its offer, based on provisional results.
Tenders totaled 3,790,043 ordinary shares, representing 14.6% of share capital, worth EUR 11.67 million.
The offer will reopen November 2-6, 2026, as Pendant Power's stake remains below 90%.
Initial tender payments are due October 30, 2026; payments for the reopened offer are scheduled for November 13, 2026.
Pendant Power plans to delist the company through a merger if the reopened offer fails to meet delisting thresholds.

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: 0836-29-2026_TELEBORSA.pdf), on October 23, 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 reaches 88.124% of PLC in provisional offer results

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