Termination of Offer Period
ME Group International PLC has terminated discussions with potential offerors, as no offer was deemed to be in the best interests of shareholders, and the company is no longer in an offer period. The company expects total revenue for the financial year ended 31 October 2025 to be between £311 million and £318 million, with profit before tax projected between £76 million and £79 million, maintaining a strong cash conversion and balance sheet. ME Group remains committed to its strategy of growing its core laundry and photobooth businesses.
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ME Group provides the following update for shareholders, following the announcement on 18 June 2025, which stated that ME Group was exploring strategic options to enhance shareholder value and that one of those options involved seeking potential offerors for the Company.
Following engagement with several interested parties, the Board of Directors confirms that it has not received an offer that it believes would be in the best interests of all the Company's shareholders, and therefore discussions have been terminated. As a result, the Company is no longer in an "offer period" as defined by the Takeover Code, and the disclosure requirements pursuant to Rule 8 of the Takeover Code are no longer applicable.
ME Group is committed to delivering value for shareholders, underpinned by its long-term strategy to grow its core laundry and photobooth activities, particularly the expansion of its laundry operations.
As announced on 7 November 2025, total revenue for the financial year ended 31 October 2025 is expected to be between £311 million and £318 million1. The Group expects to report another year of record profitability with profit before tax of between £76 million and £79 million1. The Group's cash conversion and balance sheet remained strong. The Group expects to publish its Annual Results for the financial year ended 31 October 2025 in mid-February 2026.
1 Excluding the impact from foreign exchange rates ("at constant currency") during FY 2025, particularly the Japanese yen which saw a 1.9% decrease in value against pound sterling (average rate of exchange used in FY2025 was Yen/£ 195.35 vs FY 2024: Yen/£ 191.71 ), and a 0.05% decrease in the euro against pound sterling (average rate of exchange used in FY 2025 was €/£ 1.178 vs FY 2024: 1.173).
| · | Wash.ME | Unattended laundry services and launderettes |
| Ancillary activities: | ||
| · | Print.ME | High-quality digital printing kiosks |
The Company's shares have been listed on the London Stock Exchange since 1962.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.