Recommended Cash Acquisition of Mobico Group PLC

Leita Mobility Limited has made a recommended all-cash offer to acquire Mobico Group PLC for 46 pence per share, valuing the company at approximately £308 million and implying an enterprise value of £2.323 billion. The offer represents a 55.1% premium to Mobico’s closing share price on October 20, 2026. Mobico’s independent directors support the deal, citing the company’s challenging financial position and debt levels, and the acquisition is intended to proceed through a court-sanctioned scheme of arrangement.