SMV.L Share News (SMV)

EARNINGS AND TRADING: Smoove says acquisition by Digcom approved

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

IN BRIEF: Smoove updates shareholders on GBP31 million takeover

Smoove PLC - Oxon, England-based software solutions provider for the housing market - Says regulatory conditions of its takeover have now been satisfied or, where applicable, waived. In October, Smoove said it had agreed a GBP30.8 million takeover from Digcom UK Holdings Ltd, an indirect subsidiary of Pexa Group Ltd. Sydney-listed Pexa which operates Pexa Exchange, a digital property settlements platform in Australia said it believes there is a significant opportunity for Smoove's existing customers to benefit from its digital property settlements platform and wider service offering.

UK shareholder meetings calendar - next 7 days

IN BRIEF: Kestrel Partners increases holding in Smoove to around 30%

Smoove PLC - Oxon, England-based software solutions provider for the housing market - Kestrel Partners LLP buys 1.3 million shares at an average 52 pence each for its discretionary clients on Friday. Worth total GBP676,000. Oliver Scott, a non-executive director of Smoove, is a partner of Kestrel. He is also a shareholder in one of Kestrel's clients, Kestrel Opportunities, and is therefore deemed to have a beneficial interest in Kestrel Opportunities' entire legal holding in Smoove. Kestrel Opportunities holds, and consequently Scott is deemed to have a beneficial interest in, 10.7 million shares in Smoove. Other clients of Kestrel, in which Scott has no beneficial interest hold 6.3 million shares in the company. In total, Kestrel indirectly holds voting rights over 17.0 million shares in the company, around 30% of its share capital.

Oryx International Growth notes bids for its holdings

(Alliance News) - Oryx International Growth Fund Ltd on Friday noted bids for its holdings in Tribal Group PLC, Pendragon PLC and Smoove PLC.

Smoove recommends GBP30.8 million takeover from Pexa

(Alliance News) - Smoove PLC on Wednesday said it had agreed a GBP30.8 million takeover from Digcom UK Holdings Ltd, an indirect subsidiary of Pexa Group Ltd.

Smoove extends takeover offer deadline for Pexa for fifth time

(Alliance News) - Smoove PLC on Friday announced that it extended the deadline for Pexa Group Ltd to make a possible takeover offer for the fifth time, now running until October 6.

UK shareholder meetings calendar - next 7 days

IN BRIEF: Smoove extends Pexa's deadline to announce offer intention

Smoove PLC - Oxon, England-based software solutions provider for the housing market - Extends deadline for Pexa Group Ltd to announce its intention to make an offer for the takeover of Smoove

Smoove extends merger talks with PEXA Group

(Sharecast News) - Smoove's merger discussions with PEXA Group were looking positive on Friday, as the company announced an extension to the regulatory deadline.

AIM WINNERS & LOSERS: Zoo Digital falls on first-quarter disruption

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

IN BRIEF: Smoove says talks for takeover by Pexa moving forward

Smoove PLC - Oxon, England-based software for housing market - Says discussions with Pexa Group Ltd regarding a possible cash takeover offer for Smoove have advanced, and a formal due diligence process has begun. The deadline by which Pexa is required to announce its intention to make a formal offer for Smoove has been extended to August 11.

IN BRIEF: Smoove widens annual loss amid "highly uncertain" backdrop

Smoove PLC - Oxon, England-based software solutions provider for the housing market - Says it performed in line with company expectations in the year ended March 31 against a "highly uncertain" market and macroeconomic backdrop. Pretax loss widens to GBP5.8 million from GBP5.4 million as cost of sales tick up to GBP12.8 million from GBP11.4 million and administrative costs rise to GBP13.8 million from GBP12.6 million. More positively, revenue increases to GBP20.6 million from GBP19.2 million year-on-year.

Smoove inks partnership with Mortgage Advice Bureau

(Sharecast News) - Smoove announced on Thursday that it has joined forces with Mortgage Advice Bureau in a strategic agreement to offer conveyancing comparison and related home-buying support services.

IN BRIEF: Smoove provides Mortgage Advice with conveyancing services

Smoove PLC - Thame, England-based provider of online services for conveyancing and financial intermediary markets - Signs strategic agreement with Mortgage Advice Bureau Holdings PLC to provide conveyancing comparison and related home-buying support services. The deal also includes DigitalMove onboarding for Mortgage Advice customers, so they can interact with their chosen professional specialists.