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Checkit (CKT): Formal Sale Process

This situation live

CKT Checkit

£16m · 14.8p · +4% since the first step

26 Mar 2026 · Formal Sale Process just launched; no active offer talks · +33% until the next step Further announcements, including in relation to the timetable for the Formal Sale Process, will be made as appropriate.

21 Apr 2026 · Ongoing; no offer or price yet · +8% until the next step At the time of writing, that process is still ongoing and further announcements will be made as appropriate.

22 May 2026 · Credible interest received; discussions ongoing · −4% until the next step Discussions with these parties are ongoing and further announcements will be made as and when appropriate.

1 Jun 2026 · Process running; second adviser appointed, no offer · −10% until the next step Current discussions may be altered, extended or terminated at any time and, accordingly, there can be no certainty that any offers will be made as a result of the Formal Sale Process

8 Sep 2026 · Non-binding proposals received; 30p floor set · −29% until the next step In the absence of receiving a proposal that the Board believes is capable of being progressed towards an announcement of a firm intention to make an offer under Rule 2.7 of the Takeover Code, the Boar

28 Sep 2026 · Terminated; no recommendable offer · −8% since Although the FSP did not result in any offers at a value the Board could recommend to shareholders, the due diligence undertaken by interested parties during the process yielded valuable intelligence.

Sale process / strategic review

Formal Sale Process

Terminated; no recommendable offer

Every step · 6

26 Mar 2026 Formal Sale Process just launched; no active offer talks – Further announcements, including in relation to the timetable for the Formal Sale Process, will be made as appropriate. ↗
21 Apr 2026 Ongoing; no offer or price yet – At the time of writing, that process is still ongoing and further announcements will be made as appropriate. ↗
22 May 2026 Credible interest received; discussions ongoing – Discussions with these parties are ongoing and further announcements will be made as and when appropriate. ↗
1 Jun 2026 Process running; second adviser appointed, no offer – Current discussions may be altered, extended or terminated at any time and, accordingly, there can be no certainty that any offers will be made as a result... ↗
8 Sep 2026 Non-binding proposals received; 30p floor set – In the absence of receiving a proposal that the Board believes is capable of being progressed towards an announcement of a firm intention to make an offer... ↗
28 Sep 2026 Terminated; no recommendable offer – Although the FSP did not result in any offers at a value the Board could recommend to shareholders, the due diligence undertaken by interested parties... ↗

What is happening

Checkit: Formal Sale Process – Terminated; no recommendable offer. ['Terminated; no recommendable offer']

In short: Board launched the Formal Sale Process on 26 March 2026 after six unsolicited approaches. By 8 September it had several non-binding proposals above a 30p floor. With the H1 results it terminated the process, as no offer reached a value it could recommend. It now pursues a standalone plan.
Announced: 26 Mar 2026 · Formal Sale Process just launched; no active offer talks
Latest: 28 Sep 2026 · Terminated; no recommendable offer
Price floor: Board will not consider proposals below 30 pence per share
Due diligence: Some parties have done detailed due diligence, including engagement with management
Board view: Process gave external validation of technology and customer proposition
Next milestone: Interim results for six months to 31 July 2026 due by 30 September 2026
Certainty: No certainty of any offer or sale, nor of its terms
Outcome: FSP terminated; no offers at a value the Board could recommend
Launched: 26 March 2026
Next: Standalone two-year value-creation framework

From the company's own announcements. Not investment advice.

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What it does, how it got here, what management promised and delivered – written from its own announcements.

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Also at Checkit 3 open

Insider conviction1 director buying – £100k in 1 buy Turnaround plan with targetsCost reset and return to growth – Standalone two-year value-creation framework Takeover targetPossible offer – sale process Insider conviction1 director buying – £20k in 1 buy · closed Insider conviction1 director buying – £70k in 1 buy · closed Checkit – company page →

This situation live

CKT Checkit

£16m · 14.8p · +4% since the first step

26 Mar 2026 · Formal Sale Process just launched; no active offer talks · +33% until the next step Further announcements, including in relation to the timetable for the Formal Sale Process, will be made as appropriate.

21 Apr 2026 · Ongoing; no offer or price yet · +8% until the next step At the time of writing, that process is still ongoing and further announcements will be made as appropriate.

22 May 2026 · Credible interest received; discussions ongoing · −4% until the next step Discussions with these parties are ongoing and further announcements will be made as and when appropriate.

1 Jun 2026 · Process running; second adviser appointed, no offer · −10% until the next step Current discussions may be altered, extended or terminated at any time and, accordingly, there can be no certainty that any offers will be made as a result of the Formal Sale Process

8 Sep 2026 · Non-binding proposals received; 30p floor set · −29% until the next step In the absence of receiving a proposal that the Board believes is capable of being progressed towards an announcement of a firm intention to make an offer under Rule 2.7 of the Takeover Code, the Boar

28 Sep 2026 · Terminated; no recommendable offer · −8% since Although the FSP did not result in any offers at a value the Board could recommend to shareholders, the due diligence undertaken by interested parties during the process yielded valuable intelligence.

Sale process / strategic review

Formal Sale Process

Terminated; no recommendable offer

Every step · 6

26 Mar 2026 Formal Sale Process just launched; no active offer talks – Further announcements, including in relation to the timetable for the Formal Sale Process, will be made as appropriate. ↗
21 Apr 2026 Ongoing; no offer or price yet – At the time of writing, that process is still ongoing and further announcements will be made as appropriate. ↗
22 May 2026 Credible interest received; discussions ongoing – Discussions with these parties are ongoing and further announcements will be made as and when appropriate. ↗
1 Jun 2026 Process running; second adviser appointed, no offer – Current discussions may be altered, extended or terminated at any time and, accordingly, there can be no certainty that any offers will be made as a result... ↗
8 Sep 2026 Non-binding proposals received; 30p floor set – In the absence of receiving a proposal that the Board believes is capable of being progressed towards an announcement of a firm intention to make an offer... ↗
28 Sep 2026 Terminated; no recommendable offer – Although the FSP did not result in any offers at a value the Board could recommend to shareholders, the due diligence undertaken by interested parties... ↗

Briefing Pro

New to Checkit? Get up to speed in 2 minutes.

What it does, how it got here, what management promised and delivered – written from its own announcements.

Get the CKT briefing →

Also at Checkit 3 open

Insider conviction1 director buying – £100k in 1 buy Turnaround plan with targetsCost reset and return to growth – Standalone two-year value-creation framework Takeover targetPossible offer – sale process Insider conviction1 director buying – £20k in 1 buy · closed Insider conviction1 director buying – £70k in 1 buy · closed Checkit – company page →