FIH Group PLC Response to Announcement by Dolphin Fund Ltd. (5981C)
April 18 2017 - 6:00AM
UK Regulatory
TIDMFIH
RNS Number : 5981C
FIH Group PLC
18 April 2017
For immediate release
THIS ANNOUNCEMENT IS RESTRICTED AND IS NOT FOR RELEASE,
PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA,
JAPAN, SOUTH AFRICA OR ANY JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH
JURISDICTION.
18 April 2017
FIH Group plc
("FIH" or the "Company")
Response to Announcement by Dolphin Fund Ltd.
The Board of FIH is pleased to note the announcement, released
after market hours at 6.43 p.m. on Thursday 13 April 2017, by
Dolphin Fund Ltd. ("Dolphin") that it has decided not to proceed
with an offer for the Company at this time, following the Falkland
Islands Government's clarification on the status of the Falkland
Islands Company ("FIC") (the Company's wholly owned subsidiary) in
the context of any change in the beneficial ownership of FIC.
The Board of FIH will be issuing a customary Trading Update via
RNS on Thursday 20 April 2017 outlining details of the Company's
expected trading results for the year ended 31 March 2017, which
remain subject to audit. The Trading Update will include details of
the Board's views on the strategic direction of the Company
following the lapsing of the offer by Staunton Holdings Limited,
the decision of Dolphin not to proceed with an offer and the recent
changes in the composition of the Company's shareholder
register.
Enquiries:
FIH Group plc Tel: +44 (0) 1279 461 630
John Foster
WH Ireland Limited Tel: +44 (0) 20 7220 1666
Joint Financial Adviser and Nominated Adviser to FIH
Adrian Hadden
Nick Prowting
Strand Hanson Limited Tel: +44 (0) 20 7409 3494
Joint Financial Adviser to FIH
Simon Raggett
Stuart Faulkner
Matthew Chandler
FTI Consulting Tel: +44 (0) 20 3727 1000
Communications adviser to FIH
Edward Westropp
Eleanor Purdon
This announcement does not constitute an offer to purchase any
securities, or an offer to sell or the solicitation of an offer to
buy any securities, nor shall there be any offer to purchase or
sell securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful.
The release, distribution or publication of this announcement in
jurisdictions other than the UK may be restricted by law and
therefore any persons who are subject to the laws of any
jurisdiction other than the UK should inform themselves about and
observe any applicable requirements.
WH Ireland Limited ("WH Ireland"), which is authorised and
regulated in the United Kingdom by the Financial Conduct Authority,
is acting as joint financial adviser and nominated adviser to FIH
and no-one else in connection with the possible offer and other
matters referred to in this announcement and will not be
responsible to anyone other than FIH for providing the protections
afforded to clients of WH Ireland or for providing advice in
relation to the possible offer, the contents of this announcement
or any other matter referred to herein. Neither WH Ireland nor any
of its affiliates owes or accepts any duty, liability or
responsibility whatsoever (whether direct or indirect, whether in
contract, in tort, under statute or otherwise) to any person who is
not a client of WH Ireland in connection with this announcement and
any statement contained herein or otherwise.
Strand Hanson Limited ("Strand Hanson"), which is authorised and
regulated in the United Kingdom by the Financial Conduct Authority,
is acting as joint financial adviser to FIH and no-one else in
connection with the possible offer and other matters referred to in
this announcement and will not be responsible to anyone other than
FIH for providing the protections afforded to clients of Strand
Hanson or for providing advice in relation to the possible offer,
the contents of this announcement or any other matter referred to
herein. Neither Strand Hanson nor any of its affiliates owes or
accepts any duty, liability or responsibility whatsoever (whether
direct or indirect, whether in contract, in tort, under statute or
otherwise) to any person who is not a client of Strand Hanson in
connection with this announcement and any statement contained
herein or otherwise.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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