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Kinovo PLC - London-based property services provider offering safety compliance and sustainability solutions - Says it would not recommend shareholders accept a 56 pence per share offer from Rx3 Holdings Ltd should a firm bid be made. On August 24, Kinovo said it had received a non-binding indicative offer from Rx3 which may or may not lead to an offer being made.
Decision follows a process of consultation with certain key shareholders and considered direct shareholder feedback.
Current stock price: 52.00 pence
12-month change: up 33%
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