Daisy Intermediate Holdings Limited Rule 2.8 Announcement (6410M)
January 22 2021 - 06:49AM
UK Regulatory
TIDMMAI
RNS Number : 6410M
Daisy Intermediate Holdings Limited
22 January 2021
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
THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE UK CITY
CODE ON TAKEOVERS AND MERGERS (THE "CODE")
22 January 2021
Daisy Intermediate Holdings Limited
("Daisy")
Statement regarding Maintel Holdings plc
Further to press speculation in relation to a possible offer by
Daisy for Maintel Holdings plc ("Maintel"), Daisy confirms that it
does not intend to make an offer for Maintel.
For the purposes of Rule 2.8 of the Code, Daisy, and any
person(s) acting in concert with it, reserve the right to make or
participate in an offer or possible offer for Maintel (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 Maintel;
b. following the announcement of a firm intention to make an
offer for Maintel by or on behalf of a third party;
c. following the announcement by Maintel 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.
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