First Brands Group debt targeted by Apollo Global Management - report
LONDON - Alpha Group International PLC (AIM:AHC) shareholders have voted to approve the recommended cash acquisition by Corpay, Inc., according to a statement released Tuesday.
At meetings held on September 2, the requisite majority of Alpha Group shareholders voted in favor of the scheme of arrangement under which Corpay will acquire the entire issued and to be issued ordinary share capital of Alpha Group.
The Court Meeting saw 80.56% of scheme shareholders representing 99.71% of scheme shares voting in favor of the acquisition. At the General Meeting, shareholders holding 99.85% of Alpha shares voted to approve the special resolution.
The acquisition, which was first announced on July 23, 2025, remains subject to court sanction at the Scheme Court Hearing expected during the fourth quarter of 2025, along with satisfaction of other conditions outlined in the scheme document published on August 11.
The scheme is expected to become effective during the fourth quarter of 2025, subject to court approval and other conditions being met.
Alpha Group indicated that if any key dates in the implementation timetable change, the company will issue announcements through regulatory information services.
The voting results showed that 21,897,564 scheme shares were voted in favor of the acquisition, representing 51.76% of Alpha’s issued share capital, while 63,773 shares (0.29%) were voted against.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.