Pod Point extends takeover offer deadline to June 6

LONDON - Pod Point Group (WA:PGMP) Holdings PLC (LSE:PODP), a leading provider of electric vehicle charging infrastructure, has announced an extension to the deadline for EDF (EPA:EDF) Energy Customers Limited ("EDF") to make a firm offer for the company. The new deadline is now set for 5:00 pm on June 6, 2025, moved from the original deadline of May 22, 2025.

EDF, which already owns approximately 53% of Pod Point’s shares, had proposed to acquire the remaining shares for 6.5 pence each. The extension, agreed upon by both EDF and the Takeover Panel, allows more time for discussions between Pod Point and EDF to continue. It also provides Pod Point with additional time to finalize and publish its audited financial results for the fiscal year 2024 (FY24).

Pod Point’s board, after consulting with its financial adviser, believes that EDF’s possible offer could be in the best interest of shareholders, creditors, and other stakeholders. However, there is no certainty that a firm offer will be made. Pod Point has been in an ’offer period’ as per the rules of the City Code on Takeovers and Mergers since the possible offer was first announced on April 24, 2025.

The company’s shares have been suspended from listing and trading since May 1, 2025, due to the delay in the publication of its FY24 results, originally due by April 30, 2025. Pod Point now expects to publish its audited FY24 results in early June 2025 and anticipates that the suspension of its shares will be lifted following the release of the annual report and accounts.

Pod Point shareholders are advised that they do not need to take any action regarding the possible offer at this time. Further announcements will be made as more information becomes available. This announcement is made with EDF’s consent and is based on a press release statement from Pod Point Group Holdings PLC.

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