Checkit Plc Sets 30-Pence Share Price Threshold for Sale Process

Checkit plc (AIM: CKT) has launched a formal sale process with a board-set minimum share price threshold of 30 pence per share, following the receipt of several non-binding proposals from potential acquirers. The company, advised by EC M&A, stated it received these proposals on a Monday in March 2026, marking the start of its strategic exploration phase. While detailed due diligence has been conducted by some parties, no firm offers have yet materialized, and the board remains focused on evaluating whether any proposals meet the criteria for shareholder recommendation under the Takeover Code’s Rule 2.7. The sale process is expected to conclude in the coming weeks, with interim results due by September 30, 2026, though the board acknowledges no certainty exists that a sale will proceed or that a definitive offer will emerge. Checkit has advised shareholders to refrain from taking any actions pending further developments.