RE: Takeover at 52.3p9 Apr 2026 07:41
The Van Elle Board considers that, notwithstanding their belief that the Van Elle Group has significant medium term opportunities, and the strategic progress made over the last five years, the potential for a sustained and material improvement in the valuation of the Van Elle Shares is likely to be limited in the near term. Furthermore, the share price of the Van Elle Shares is unlikely to reflect fundamental value of the Van Elle Group given the illiquid trading in the Van Elle Shares and investor sentiment towards smaller UK-quoted companies remaining subdued.