Francisco Partners Funds' entity, White Bidco Limited (Bidco), has announced that it will not increase its recommended cash offer for Blancco Technology Group PLC (Blancco). The offer of 223 pence per Blancco share is considered to be full and fair. Bidco reserves the right to revise the financial terms of the offer if a third party announces a more favorable offer or with the consent of the Panel. As of October 9, 2023, valid acceptances of the offer had been received for approximately 66.36% of Blancco's existing issued share capital. Bidco may count these acceptances towards the satisfaction of the acceptance condition to its offer. No valid acceptances have been received from persons acting in concert with Bidco. Bidco currently holds no Blancco shares and has no interests or rights in Blancco securities.