By Frank Prenesti
Date: Friday 21 Jan 2022
LONDON (ShareCast) - (Sharecast News) - Photo-Me chief executive Serge Crasnianski has tabled a discounted bid for the photo booth and vending machine operator, the company said on Friday.
Crasnianski is offering 75p-a-share, valuing the business at £284.5m. The 79-year-old Frenchman is being supported by his daughter Tania Crasnianski and Jean-Marc Janailhac, both of whom are executive directors of the company.
He and his allies now hold 36.5% of Photo-Me after Crasniansky snapped up a 7.7% stake on Friday.
An independent committee of board members not associated with the deal noted that the offer price "represents a very small discount to the closing price of a Photo-Me share on 20 January 2022" and told investors to take no actions for now and promised a full assessment of the offer in due course.
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| Currency | UK Pounds | 
| Share Price | 190.40p | 
| Change Today | 2.00p | 
| % Change | 1.06 % | 
| 52 Week High | 230.00p | 
| 52 Week Low | 171.00p | 
| Volume | 305,766 | 
| Shares Issued | 377.72m | 
| Market Cap | £719.19m | 
| Value | 
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| Latest | Previous | |
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| Interim | Final | |
| Ex-Div | 06-Nov-25 | 24-Apr-25 | 
| Paid | 28-Nov-25 | 23-May-25 | 
| Amount | 3.85p | 4.45p | 
| Time | Volume / Share Price | 
| 17:06 | 5,000 @ 190.40p | 
| 16:35 | 59,525 @ 190.40p | 
| 16:35 | 1 @ 190.40p | 
| 16:35 | 396 @ 190.40p | 
| 16:35 | 24 @ 190.40p | 
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