13th Mar 2018 13:11
The spend control and e-procurement solution provider's subsidiary Perfect Commerce SA bought 13.0 million Hubwoo shares in the offer, 9.6% of its issued share capital.
As a result, Perfect Commerce now holds 120.7 million Hubwoo shares.
Proactis Chief Financial Officer Tim Sykes said: "The result of the tender offer represents an excellent outcome for the group and is well beyond our expectations that were formed at the time of the acquisition of Perfect Commerce LLC on 4 August 2017.
"We look forward to continuing to work with the Hubwoo board and the remaining minority shareholders of Hubwoo."
Proactis shares were down 0.7% on Tuesday at a price of
Related Shares:
PHD.L