Regent Acquisitions Limited made an offer to acquire TClarke plc for approximately £84.6 million on April 16, 2024. The consideration will be paid £1.60 per share. The transaction has been approved by the TClarke plc board of directors. The transaction is subject to TClarke plc shareholder , regulatory and court approval. The Scheme is expected to become Effective at the end of the second quarter or early in the third quarter of 2024, subject to the satisfaction or (where applicable) waiver of the Conditions. The Consideration payable by Regent pursuant to the Acquisition will be funded from existing cash resources available to Regent Gas Holdings Limited ("RGHL") and Regent Gas Limited ("RGL") and transferred to Regent pursuant to inter-company loans between RGHL and RGL, and RGHL and Regent. SPARK, in its capacity as financial adviser to Regent, is satisfied that sufficient resources are available to Regent to satisfy in full the Consideration payable to TClarke Shareholders pursuant to the terms of the Acquisition.

Simmons & Simmons acted as legal advisor to Regent Acquisitions Limited. Pinsent Masons acted as legal advisor to TClarke plc. Matt Davis, James Keeshan and Adam Dawes of SPARK Advisory Partners Limited acted as financial advisor to Regent Acquisitions Limited. Ben Jeynes, Henrik Persson and Hamish Waller of Cavendish Capital Markets Limited acted as financial advisor to TClarke plc.