Checkit puts itself up for sale, cites valuation disparity.
Checkit said on Thursday that it was putting itself up for sale, pointing to the disparity between its improving performance and its valuation on AIM.
Checkit
26 March 2026 09:18:54
Source: Sharecast
The automated monitoring and operational intelligence platform for frontline-led organisations has been conducting a review of the various strategic options available and has concluded that it would be appropriate to investigate a sale.
Noting the disparity between its performance and the share price, it said the formal sale process is "the best course of action for the future of the company and its shareholders".
Checkit said has received six unsolicited expressions of interest over the last nine months from a range of "credible international parties", including both private equity sponsors and strategic acquirers. It confirmed it is not and has not been in active discussions with any party about a possible offer.
To date, talks with the various interested parties have focused on an asset sale outside the remit of the Takeover Code. However, Checkit believes that launching a formal sale process will widen the audience of potential acquirers; enable more flexibility in discussions with interested parties; and provide a basis from which to maximise shareholder value from any sale of the company.
At 0918 GMT, the shares were up 32.6% at 18.90p.
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