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Decorative pattern

Offer document published for Brave Bison’s increased £47.5 million offer to acquire System1

September 2026

On 14 September 2026, Brave Bison announced the fourth and increased offer with an implied value of 360 pence per System1 share based on the Brave Bison 20-day-volume weighted average closing share price of 94 pence on 10 July 2026 with an equivalent value of £47.5 million.

Details of the original offer can be found in our news item dated 27 August 2026.

The Perivan shareholder communications team was delighted to work again with Addleshaw Goddard who acted as Legal Adviser on the documentation which was successfully completed and posted to qualifying shareholders on 17 September 2026.

For further information, click here.

 

Perivan specialise in producing and publishing financial documents relating to shareholder and investor communications for quoted companies and are a market leader for the production of documentation relating to Mergers & Acquisitions.