Duncan McLeod

Recent Posts

Mar 09 2021

With debt under control, Adapt IT plans a return to acquisitions

by Duncan McLeod
Sbu Shabalala...Read More
Feb 03 2021

Adapt IT names board committee to assess Huge Group bid

by Duncan McLeod
Adapt IT has formed an independent board committee to assess Huge Group’s unsolicited bid to buy the software company in an all-share deal valuing it at R795-million. Huge Group made the unexpected “general offer” to Adapt IT shareholders last week. Adapt IT has now, as required under South African takeover rules, constituted the independent board of directors, which is made up of Craig Chambers, Oliver Fortuin, Zizipho Nyanga and Catherine Koffman — the full complement of the company’s non-executive directorship. This board will advise shareholders on the Huge Group offer as required under the takeover regulations. It will also appoint an independent expert to issue a report on the offer and to express an opinion on whether the terms and conditions are fair and reasonable to Adapt IT shareholders. News of the creation of the independent board comes two days after Huge Group said it had secured the backing of more than three-quarters of its shareholders for its pursuit of Adapt IT....Read More
Oct 26 2020

Adapt IT shows remarkable resilience amid Covid storm

by Duncan McLeod
Software services group Adapt IT on Monday published full-year financial results to 30 June 2020 that showed remarkable resilience in the face of the Covid-19 pandemic and lockdown....Read More
Oct 13 2020

Adapt IT shares jump 165.5% in two weeks

by Duncan McLeod
Following its bullish trading statement....Read More
Oct 02 2020

Adapt IT shares jump 60% on bullish trading statement

by Duncan McLeod
JSE-listed software services company Adapt IT saw a massive jump in its share price on Wednesday after it issued a surprisingly upbeat trading statement....Read More
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