Best of the Best PLC Trading Update and Update on FSP (6362F)
November 18 2020 - 1:00AM
UK Regulatory
TIDMBOTB
RNS Number : 6362F
Best of the Best PLC
18 November 2020
Best of the Best plc
("Best of the Best", "BOTB", "the Company" or "the Group")
Trading Update & Update on FSP
Best of the Best plc runs competitions online to win cars and
other prizes.
Trading Update
Best of the Best plc, (LSE: BOTB) the online organiser of weekly
competitions to win cars and other lifestyle prizes is pleased to
provide an update on trading for the interim six month period to 31
October 2020. The Company will announce the date for the release of
its interim results shortly.
The Company is very pleased that trading for the period has
remained as strong as previously announced on 16 September 2020 and
that momentum remains within the business. The Group's online
strategy has continued to gain traction. The early signs are that
the second half of the year will be strong and the Board remains
confident about the prospects for the business in the second half
of the financial year.
Update of FSP
The Company, together with its advisers, remains in ongoing
discussions with interested parties from a number of sector
verticals and including private equity. These discussions are
continuing despite the constraints of Covid-19, though the related
restrictions are naturally impacting the speed of discussions. The
Board wishes to reiterate that there can be no certainty that an
offer will be forthcoming or as to the terms of any such offer and
looks forward to keeping shareholders updated in due course.
Enquiries:
Best of the Best William Hindmarch, Chief T: +44 (0)20 7371
plc Executive 8866
Rupert Garton, Commercial
Director
Buchanan Chris Lane T: +44 (0)207 466
(Public Relations Toto Berger 5000
& Press) Charlotte Slater
Oakvale Capital Daniel Burns T: +44 (0)20 7580
(Financial Adviser) 3838
E: daniel@oakvalecapital.com
Kieran Davey E: kieran@oakvalecapital.com
finnCap Carl Holmes T: +44 (0)20 7220
(Rule 3 Adviser, Kate Bannatyne 0500
Nominated Adviser Teddy Whiley
and Broker) Alice Lane
Forward Looking Statements
Nothing in this announcement is or should be relied on as a
promise or representation to the future. This announcement includes
certain statements, estimates and projections provided by the
Company in relation to the Company's anticipated future
performance. Such statements, estimates and projections are based
on various assumptions made by the Company concerning anticipated
results which may or may not prove to be correct. No
representations or warranties are made by any person as to the
accuracy of such statements, estimates or projections.
MAR
The information contained within this announcement is considered
by the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No.596/2014. Upon the publication
of this announcement via a Regulatory Information Service, this
inside information will be considered to be in the public
domain.
Rule 26.1
In accordance with Rule 26.1 of the Code, a copy of this
announcement will be available on the Company's website at
https://www.botb.com/about/investors . The content of the website
referred to in this announcement is not incorporated into and does
not form part of this announcement.
Disclosure requirements of the Code
Under Rule 8.3(a) of the Code, any person who is interested in
1% or more of any class of relevant securities of an offeree
company or of any securities exchange offeror (being any offeror
other than an offeror in respect of which it has been announced
that its offer is, or is likely to be, solely in cash) must make an
Opening Position Disclosure following the commencement of the offer
period and, if later, following the announcement in which any
securities exchange offeror is first identified. An Opening
Position Disclosure must contain details of the person's interests
and short positions in, and rights to subscribe for, any relevant
securities of each of (i) the offeree company and (ii) any
securities exchange offeror(s). An Opening Position Disclosure by a
person to whom Rule 8.3(a) applies must be made by no later than
3.30 pm (London time) on the 10th business day following the
commencement of the offer period and, if appropriate, by no later
than 3.30 pm (London time) on the 10th business day following the
announcement in which any securities exchange offeror is first
identified. Relevant persons who deal in the relevant securities of
the offeree company or of a securities exchange offeror prior to
the deadline for making an Opening Position Disclosure must instead
make a Dealing Disclosure.
Under Rule 8.3(b) of the Code, any person who is, or becomes,
interested in 1% or more of any class of relevant securities of the
offeree company or of any securities exchange offeror must make a
Dealing Disclosure if the person deals in any relevant securities
of the offeree company or of any securities exchange offeror. A
Dealing Disclosure must contain details of the dealing concerned
and of the person's interests and short positions in, and rights to
subscribe for, any relevant securities of each of (i) the offeree
company and (ii) any securities exchange offeror(s), save to the
extent that these details have previously been disclosed under Rule
8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies
must be made by no later than 3.30 pm (London time) on the business
day following the date of the relevant dealing.
If two or more persons act together pursuant to an agreement or
understanding, whether formal or informal, to acquire or control an
interest in relevant securities of an offeree company or a
securities exchange offeror, they will be deemed to be a single
person for the purpose of Rule 8.3.
Opening Position Disclosures must also be made by the offeree
company and by any offeror and Dealing Disclosures must also be
made by the offeree company, by any offeror and by any persons
acting in concert with any of them (see Rules 8.1, 8.2 and
8.4).
Details of the offeree and offeror companies in respect of whose
relevant securities Opening Position Disclosures and Dealing
Disclosures must be made can be found in the Disclosure Table on
the Takeover Panel's website at www.thetakeoverpanel.org.uk,
including details of the number of relevant securities in issue,
when the offer period commenced and when any offeror was first
identified. You should contact the Panel's Market Surveillance Unit
on +44 (0)20 7638 0129 if you are in any doubt as to whether you
are required to make an Opening Position Disclosure or a Dealing
Disclosure.
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