Alpha Group International plc (LON:ALPH) today issued a statement regarding a possible offer from Corpay Inc.

The Board of Alpha confirmed that it has received a preliminary and conditional all-cash proposal from Corpay to acquire the entire issued and to be issued ordinary share capital of Alpha.

The Board carefully considered the proposal, together with its financial advisers, and unanimously rejected it.

Corpay is required, by not later than 5.00 p.m. (London time) on 30 May 2025, either to announce a firm intention to make an offer for Alpha, or to announce that it does not intend to make an offer for Alpha. This deadline can only be extended with the consent of the Panel on Takeovers and Mergers in accordance with Rule 2.6(c) of the Code.