Cinven Statement re Iomart Group plc (5658P)
August 19 2014 - 12:24PM
UK Regulatory
TIDMIOM
RNS Number : 5658P
Cinven
19 August 2014
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH
JURISDICTION
19 August 2014
Statement regarding Iomart Group plc ("iomart")
Host Europe Holdings Ltd. ("Host") notes the announcement made
earlier today by iomart and confirms that it has approached iomart
regarding a possible recommended cash offer.
Angus MacSween, Richard Logan and Sarah Haran, respectively the
CEO, Finance Director and Operations Director of iomart, who have a
combined holding of approximately 18.5 per cent. of the ordinary
shares of iomart, have indicated their support for the proposal.
The Independent Directors of iomart have given their consent to
Angus, Richard and Sarah working with Host to finalise its
proposal.
This announcement does not amount to a firm intention to make an
offer, and accordingly there can be no assurance that an offer for
iomart will be made.
In accordance with Rule 30.4 of the Code, a copy of this
announcement will be available at
www.heg.com/media/press-releases.
Enquiries:
Host +44 (0) 208 061 1500
James Shutler
Cinven +44 (0) 20 7661 3325
+44 (0) 7802 961
Vanessa Maydon 902
FTI Consulting (PR Adviser)
Charles Palmer +44 (0) 20 7269 7180
Morgan Stanley (Financial Adviser
to Cinven) +44 (0) 20 7425 8000
Laurence Hopkins
Sumit Pande
Michael Bird
The release, publication or distribution of this announcement in
certain jurisdictions may be restricted by law. Persons who are not
resident in the United Kingdom or who are subject to other
jurisdictions should inform themselves of, and observe, any
applicable requirements.
Morgan Stanley & Co. Limited ("Morgan Stanley") is acting as
financial adviser to Cinven and no one else in connection with the
subject matter of this announcement and will not be responsible to
anyone other than Cinven for providing the protections afforded to
the clients of Morgan Stanley nor for providing advice in relation
to the aforementioned possible cash offer, the contents of this
announcement or any other matter referred to herein.
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 paper 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 paper
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 paper 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 paper offeror
is first identified. Relevant persons who deal in the relevant
securities of the offeree company or of a paper 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 paper offeror must make a Dealing
Disclosure if the person deals in any relevant securities of the
offeree company or of any paper 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
paper offeror, 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 paper
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
OFDDKLFFZVFLBBB
Iomart (LSE:IOM)
Historical Stock Chart
From Apr 2024 to May 2024
Iomart (LSE:IOM)
Historical Stock Chart
From May 2023 to May 2024