Health, leisure and education software provider Gladstone says it has received a £16 million ‘indicative’ takeover approach. 

Health, leisure and education software provider Gladstone says it has received a £16 million ‘indicative’ takeover approach.

The Oxfordshire-based company, which claims to lead the market in providing member relationship management ‘solutions’ to health and leisure organisations and helps government and other bodies with education facilities management, says several ‘third parties’ have made approaches of late. In one case, the unnamed potential bidder has mentioned an ‘indicative’ offer of 33p a share cash.

AIM-quoted Gladstone, a tightly held company steered by chairman and chief executive officer Dr Said Ziai, stresses discussions are as yet at an early stage and points out there is ‘no certainty’ an offer will be made on acceptable or unacceptable terms.