MariaDB plc confirms receipt of proposal from Progress Software

The board of MariaDB plc (MRDB) confirmed that on March 26, it received an unsolicited non-binding indicative proposal from Progress Software (PRGS) to acquire the entire issued and to be issued share capital of the company. Progress publicly announced such offer on March 26. The board of MariaDB is reviewing and taking advice regarding the possible offer. The possible offer may or may not lead to an offer being made for the entire share capital of the company. There can be no certainty that any offer will be made. In accordance with Rule 2.6 of the Irish Takeover Rules, Progress is required, no later than 5:00 pm on May 7, being the 42nd day following the progress announcement, to either announce a firm intention to make an offer for the company in accordance with Rule 2.7 of the Irish Takeover Rules; or announce that it does not intend to make an offer for the company, in which case the announcement will be treated as a statement to which Rule 2.8 of the Irish Takeover Rules applies. This deadline will only be extended with the consent of the Irish Takeover Panel in accordance with Rule 2.6 of the Takeover Rules, at the request of the company.