Kondor's AGM Brings Uplifting News for Shareholders: Ora Technology Acquisition Declared Unconditional

Kondor AI PLC, an emerging power player in the technological realm, has declared that their proposal to acquire Ora Technology PLC has been accepted unconditionally. This game-changing decision was the central focus at the Kondor Annual General Meeting (AGM) on 16 April 2025.

A unanimous vote in favor of the acquisition was passed by the Kondor board of directors, indicating a solid affirmation of the decision’s strategic value. Reflecting the mood at the AGM, all proposed directors and auditors also received unanimous appproval from the shareholders.

Drawing attention on the night was the proposal to issue up to 206,680,050 Consideration Shares to Ora shareholders. Under the agreement, for every one Ora share, shareholders would receive 0.9848 Consideration Shares, enshrining a generous exchange system in the headline transaction.

The unanimous approval of the acquisition, a rare sight in the corporate world, bolsters the strategic decision taken by Kondor’s board. This positive shift is expected to pave the way for strengthened market presence, and tighter consumer focus while safeguarding shareholder interests.