On 27 September 2026, Tribal Group plc announced improved terms for the proposed sale of its businesses to Thames Bidco Limited, controlled by funds and accounts managed or advised by Main Capital Partners.
The cash consideration rises from approximately £189.3 million to approximately £231.2 million, which Tribal says is equivalent to approximately 105 pence per ordinary share.
Tribal says this represents a premium of approximately 66.7% to its closing share price of 63 pence on 10 September 2026, the business day before the sale was first announced.
In the 27 September announcement, Tribal's directors continued to recommend the proposed sale unanimously and said Investec Bank plc had advised that the improved terms were fair and reasonable.
The announcement reported new irrevocable undertakings, including Harwood Capital's undertaking covering approximately 15.7% of the issued share capital.
The 27 September announcement gave 2 October 2026 as the scheduled general meeting date; this report describes that announcement rather than a subsequent transaction outcome.
Primary source
Written for Rainmakrr from the source above. The announcement was published 27 September 2026.