leadf
logo-loader
RNS
viewFrasers Group PLC

Frasers Group PLC - No intention to bid statement: Mulberry Group plc

RNS Number : 0645J
Frasers Group PLC
17 December 2020
 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION

THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE

CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE")

 

Date: 17 December 2020

Frasers Group plc

("Frasers Group" or the "Company")

No intention to bid statement regarding Mulberry Group plc

 

 

Further to the announcement made on 19 November 2020 in relation to a possible offer for Mulberry Group plc ("Mulberry") by Frasers Group, Frasers Group confirms that it does not intend to make an offer under Rule 2.7 of the Code.

 

This is a statement to which Rule 2.8 of the Code applies.

 

For the purposes of Rule 2.8 of the Code, Frasers Group, and any person(s) acting in concert with it, reserve the right to make or participate in an offer or possible offer for Mulberry (and/or take any other action which would otherwise be restricted under Rule 2.8 of the Code) within 6 months of the date of this announcement:

 

a)   with the agreement of the board of directors of Mulberry;

 

b)   following the announcement of a firm intention to make an offer for Mulberry by or on behalf of a third party;

 

c)   following the announcement by Mulberry of a proposal for a "whitewash" (as referred to in Note 1 of the Notes on Dispensations from Rule 9 of the Code) or for a reverse takeover (as defined in the Code); or

 

d)   where  the  Panel  on  Takeovers  and  Mergers  has  determined  that  there  has  been  a  material  change  of circumstances.

 

Further announcements will be made as appropriate.

 

The person responsible for arranging the release of this announcement on behalf of the Company is Tom Piper, Company Secretary of the Company.

-Ends-

Frasers Group plc

Tom Piper, Company Secretary

LEI: 213800JEGHHEAXIJDX34

 

T. 0344 245 9200

E. investor.relations@frasers.group

 

 

 Important Notices

 

This announcement is not intended to, and does not, constitute or form part of any offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities whether pursuant to this announcement or otherwise.

The distribution of this announcement in jurisdictions outside the United Kingdom may be restricted by law and therefore persons into whose possession this announcement comes should inform themselves about, and observe, such restrictions. Any failure to comply with the restrictions may constitute a violation of the securities law of any such jurisdiction.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
STRDZMMZKNGGGZM

Quick facts: Frasers Group PLC

Price: -

Market: LSE
Market Cap: -
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

3 min read