TIDMTTM

RNS Number : 1572L

Cubitt Trade Holdings LLC

09 September 2021

THE FOLLOWING ANNOUNCEMENT IS BEING MADE PURSUANT TO THE REQUIREMENTS OF RULE 19.6(C) OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE") WHICH, INTER ALIA, REQUIRES A PARTY TO AN OFFER TO MAKE AN ANNOUNCEMENT AT THE END OF A PERIOD OF 12 MONTHS FROM THE DATE ON WHICH THE OFFER PERIOD ENDED CONFIRMING WHETHER IT HAS TAKEN, OR NOT TAKEN, THE COURSE OF ACTION SET OUT IN ITS STATED INTENTIONS.

CUBITT TRADE HOLDINGS LLC

Rule 19.6(c) confirmation in respect of post-offer intention statements made in relation to HWSI Realisation Fund Limited ("HWSI")

Cubitt Trade Holdings LLC ("Cubitt") announces that further to the completion of its recommended cash offer for the entire issued and to be issued ordinary share capital of HWSI, which was effected by way of a scheme of arrangement under Part VIII of The Companies (Guernsey) Law, 2008 (as amended) on 9 September 2020, it has duly confirmed in writing to The Panel on Takeovers and Mergers in accordance with the requirements of Rule 19.6(c) of the Code that Cubitt has complied with its post-offer intention statements made pursuant to Rule 24.2 of the Code, as detailed in the announcement made under Rule 2.7 of the Code on 22 July 2020 and the scheme document published on 10 August 2020.

Cubitt c/o finnCap

Russell Schreiber

finnCap (Financial Adviser to Cubitt) 020 7220 0500

Henrik Persson

finnCap, which is authorised and regulated by the FCA in the United Kingdom, is acting exclusively as financial adviser to Ligand UK and for no one else in connection with the matters referred to in this announcement and will not be responsible to anyone other than Ligand UK for providing the protections afforded to its clients or for providing advice in relation to the matters referred to in this announcement. Neither finnCap, 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 finnCap in connection with this announcement, any statement contained herein or otherwise. finnCap has given, and not withdrawn, its consent to the inclusion in this announcement of the references to its name in the form and context in which they appear.

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END

OUPUWUORABUKRAR

(END) Dow Jones Newswires

September 09, 2021 02:00 ET (06:00 GMT)

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