AIM-listed Travelzest issued a statement to the London Stock Exchange this morning in response to ‘recent rumour and press speculation’ concerning a possible offer for the company.
It said the potential cash offer for its entire issued and to be issued share capital was for 115p per ordinary share, ‘although the potential offeror reserves the right to announce an offer at such lower price to the extent that it is recommended by the board of Travelzest’.
The company added that there was no certainty that the talks would result in an offer and that a further announcement would be made when appropriate.
Travelzest is headed by former TUI UK managing director, Chris Mottershead.
See also:
Travelzest lifts H1 profit by 36% (24/07/08)
Travelzest buys cruise agency for £6.5m (20/06/08)
Travelzest adds Malaysia (12/02/08)
Travelzest cracks seasonality issue [FYs] (15/01/08)
Mottershead back and buying (04/04/05)