1Spatial plc (LSE:SPA) has obtained an extension to the formal deadline governing a potential takeover approach from VertiGIS Ltd, providing additional time for discussions around a possible acquisition.

The UK Takeover Panel has moved the “put up or shut up” deadline to 5:00 p.m. on 30 January 2026. By that point, VertiGIS—backed by Battery Ventures—must either announce a firm intention to make an offer or confirm that it does not plan to proceed. VertiGIS is currently evaluating a possible all-cash proposal of 73 pence per share for the entire issued and to-be-issued share capital of 1Spatial.

Under takeover rules, VertiGIS retains flexibility over the structure and terms of any offer it may ultimately submit. This includes the ability, in certain circumstances, to revise pricing or adjust for any dividends declared, leaving the outcome uncertain for shareholders while negotiations continue.

Operationally, 1Spatial continues to be supported by solid financial performance and positive technical indicators. However, valuation concerns persist, with a relatively high earnings multiple and the absence of a dividend weighing on the overall investment case.

More about 1Spatial plc

1Spatial plc is a UK-listed specialist in geospatial and location data software and services. The company helps organisations manage, validate, and optimise complex spatial data, serving sectors where data accuracy is mission-critical, including government, utilities, transport, and infrastructure. The group is quoted on AIM under the ticker SPA.

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