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Proposed reverse takeover of Smarttech247 AIM Rule 15 update The Company is pleased to announce that Conduity and Smarttech247, incorporated in the Republic of Ireland as Zefone Limited, have entered into a non-binding heads of agreement to work towards the possible acquisition of Smarttech247 by the Company for a total consideration of £33.5 million, to be satisfied by the issue of new ordinary shares in Conduity. ( Proposed Acquisition ).  Smarttech247 is an established global artificial intelligence ( AI ) based cybersecurity business specialising in automated managed detection and response. Should such a transaction proceed on the currently envisaged terms, it would be classified as a reverse takeover in accordance with the AIM Rules for Companies ( RTO ).   

United kingdomCity ofGreg collierLucy williamsMark wheelerNeil baldwinGregory collierMark bradyConduity capital plcLondon stock exchangeAdvisory partners limited nominated adviserCompany ordinaryRepublic of ireland as zefoneInstitute of cancer research united kingdomPeterhouse capital limited brokerRoyal college of surgeons ireland