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 under Part 26 of the UK Companies Act 2006
Summary
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The boards of Tencent Holdings Limited ( Tencent ) and Sumo Group plc ( Sumo ) are pleased to announce that they have reached an agreement on the terms of a recommended all cash acquisition by Tencent, through its indirect wholly-owned subsidiary, Sixjoy Hong Kong Limited ( Tencent Bidco ), of the entire issued and to be issued ordinary share capital of Sumo which members of the Tencent Group do not already own.
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Under the terms of the Acquisition, Sumo Shareholders will be entitled to receive:
for each Sumo Share: 513 pence in cash
 
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The price of 513 pence in cash for each Sumo Share values the entire issued and to be issued share capital of Sumo at approximately £919 million on a fully diluted basis. ....

United States , Hong Kong , United Kingdom , City Of , Cayman Islands , Morgan Stanley , Laurence Hopkins Daniel , David Flin Bruce Garrow , Tencent Bidco , Tim Danaher Diana Vaughton , Paul Porter , David Wilton , Steven Webb , Carl Cavers David Wilton , Carl Cavers , James Mitchell , Thaker Tanguy Croguennoc , John West , Ian Livingstone , Zeus Capitalis , Zeus Capital Limited Rule , Tencent Group , Large Companies To Work , Prudential Regulation Authority , Goldman Sachs , Link Group ,