RAS enters binding Scheme Implementation Deed with The PA

• RAS enters binding Scheme Implementation Deed with The PA for full acquisition
• RAS shareholders to receive $1.04 per share, a 93% premium to last closing price
• RAS Board unanimously recommends approval, subject to certain conditions

RAS Technology Holdings Ltd (RAS) has entered into a binding Scheme Implementation Deed with The Press Association Limited (The PA), a subsidiary of PA Media Group Limited, to acquire 100% of RAS shares. RAS shareholders will receive $1.04 per share, representing a 93% premium to RAS's last closing price of $0.54 and an 80% premium to the 90-day volume weighted average price. The RAS Board unanimously recommends shareholders vote in favor of the Scheme, subject to certain conditions including shareholder and court approval. The PA expects to fund the acquisition through a combination of existing cash resources and committed debt financing. The Scheme is expected to be implemented in February 2027.

RAS shareholders to receive $1.04 per share, expected implementation in February 2027

The acquisition is expected to combine RAS's racing data, wagering technology, and media capabilities with The PA's racing and betting data business, offering customers a wider range of data and coverage.