itX Group (ITX) refers to reports in today’s press indicating that “there could be a takeover offer on the way” and that “there will be corporate news in the next week or two.”
ITX confirms that it is in discussions with an interested party regarding a preliminary non – binding indication of interest to acquire 100% of the ordinary shares in ITX.
The ITX Board confirms that the indication of interest is indicative and non binding, and the ITX Board has not formed a view with respect to the indication of interest. At present there is no certainty that the discussions will lead to an offer or proposal being put to ITX shareholders.
ITX will provide an update to the market as and when required in accordance with its continuous disclosure obligations.