System1 Group (SYS1): Offer for the company
This situation live
SYS1 System1 Group
13 Jul 2026 · approach · +3% until the next step
No equity fundraising is required to progress the Possible Offer.
30 Jul 2026 · offer · +3% until the next step
Brave Bison has not sought nor received any letters of support in respect of the Offer.
14 Sep 2026 · offer · 360p · +0% until the next step
The Fourth Offer implies a total value of 360 pence for each System1 Share, representing a premium of 82 per cent. to the undisturbed Closing Price of 198 pence per System1 Share on 27 February 2026.
23 Sep 2026 · approach · +4% until the next step
while it remains in an offer period, no questions or statements will be taken from the floor at the Annual General Meeting
16 Oct 2026 · offer · 405p · +0% until the next step
The financial terms of the Offer are final and will not be increased, save that Brave Bison reserves the right to increase the financial terms of the Offer where there is an announcement of an offer o
22 Oct 2026 · offer · −3% since
Day 55 Update on Acceptance Levels
Offer for the company
offer
Offer405p in cash
Premium+82% on 198p
Boardopposes
Irrevocables10.73%
As of 22 Oct 2026 ↗
Every step · 6
- 13 Jul 2026 approach – No equity fundraising is required to progress the Possible Offer. ↗
- 30 Jul 2026 offer – Brave Bison has not sought nor received any letters of support in respect of the Offer. ↗
- 14 Sep 2026 offer · 360p – The Fourth Offer implies a total value of 360 pence for each System1 Share, representing a premium of 82 per cent. to the undisturbed Closing Price of 198... ↗
- 23 Sep 2026 approach – while it remains in an offer period, no questions or statements will be taken from the floor at the Annual General Meeting ↗
- 16 Oct 2026 offer · 405p – The financial terms of the Offer are final and will not be increased, save that Brave Bison reserves the right to increase the financial terms of the Offer... ↗
- 22 Oct 2026 offer – Day 55 Update on Acceptance Levels ↗
What is happening
System1 Group: Offer for the company – offer. ['offer']
- In short
- A bidder has made an offer for System1 Group at 405p in cash, a premium of 82% on 198p. The board has rejected it.
- Announced
- 13 Jul 2026 · approach
- Latest
- 22 Oct 2026 · update
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System1 Group – company page →