Asia stocks rise: Japan surges on Takaichi bets, China buoyed by positive GDP
LONDON - Alpha Group International plc (LSE:ALPH) shareholders have approved the recommended cash acquisition by Corpay, Inc., the companies announced Thursday.
The acquisition, which was first announced on July 23, 2025, received approval from the requisite majority of scheme shareholders at a Court Meeting held on September 2, 2025. During the same meeting, Alpha shareholders passed the special resolution needed to implement the scheme arrangement under Part 26 of the Companies Act 2006.
In a related development, Alpha Group disclosed that Clive Kahn transferred 40,000 ordinary shares in the company to National Philanthropic Trust UK Limited (NPT) for nil consideration on October 15. Corpay consented to this transfer of shares, which were previously subject to an irrevocable undertaking given by Kahn on July 23, with the condition that NPT enter into a separate irrevocable undertaking regarding the shares.
The acquisition is being implemented through a Court-approved scheme of arrangement, with full details provided in the scheme document published on August 11, 2025.
This information is based on a press release statement from Alpha Group International.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.