SPE.L Share News (SPE)

IN BRIEF: Sopheon shares cancelled as Wellspring takeover effective

Sopheon PLC - Minnesota-based enterprise software and services company - Updates on its acquisition by IOps Buyer Inc, a subsidiary of Wellspring Worldwide Inc, itself a portfolio company of funds managed and/or advised by Atlanta, Georgia-based private equity firm Resurgens Technology Partners. Said on Tuesday that the scheme of arrangement was now effective, and that its entire share capital is now owned by IOps. Shares were suspended on Tuesday in London.

IN BRIEF: Scheme to facilitate Wellspring bid for Sopheon sanctioned

Sopheon PLC - Minnesota-based enterprise software and services company - Says High Court sanctions scheme by which the the GBP115 million takeover from Wellspring Worldwide Inc will be facilitated. Explains the scheme is expected to become effective on February 20 with shares expected to be cancelled on February 21. In December, Sopheon said that Wellspring has offered GBP10.00 in cash per Sopheon share.

TRADING UPDATES: Nexxen expands partnership; Geiger considers listing

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

Sopheon gets green light for Wellspring takeover offer

(Alliance News) - Sopheon PLC on Thursday said it has government approval for its GBP115 million takeover offer from Wellspring Worldwide Inc.

Sopheon agrees terms for "compelling" Wellspring takeover offer

(Alliance News) - Sopheon PLC on Friday announced agreed terms of a GBP115 million takeover offer from Wellspring Worldwide Inc, which it expects to complete early next year.

TRADING UPDATES: Sopheon extends bid deadline; Fenikso receives funds

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

LONDON MARKET CLOSE: FTSE 100 returns early progress as BP disappoints

(Alliance News) - London-listed blue-chips faded after a bright start with falls in oil majors, and index heavyweights, BP and Shell dragging the FTSE 100 lower.

Sopheon shares surge as receives Wellspring takeover interest

(Alliance News) - Sopheon PLC on Tuesday said it received a possible takeover offer from Iops Buyer Inc, a subsidiary of Wellspring Worldwide Inc.

Sopheon swings to pretax profit as "strong year" boosts revenue

(Alliance News) - Sopheon PLC on Thursday said it swung to a moderate pretax profit in the first half of 2023, with increased revenue and falls in some costs, although increased taxes prevented a return to full net profitability.

Sopheon acquires Australian software provider Prodex for AUD1 million

(Alliance News) - Sopheon PLC on Monday said that it had acquired the business and assets of Prodex Systems Australasia for AUD1 million, or around GBP518,195.

TRADING UPDATES: Camellia expects annual revenue to top prior year

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

Sopheon annual profit, revenue rises; notes growing sales pipeline

(Alliance News) - Sopheon PLC on Thursday said annual profit increased with rising revenue, while its outlook for 2023 was positive, noting a growing sales pipeline.

AIM WINNERS & LOSERS: Zinnwald Lithium up on GBP19 million fundraise

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

UK earnings, trading statements calendar - next 7 days

Sopheon revenue up in 2022; earnings "comfortably" exceed expectations

(Alliance News) - Sopheon PLC on Monday said it expects to report an increase in revenue, as secured revenue rises by a fifth.