Macquarie Infra.& Real Assets Ltd. Statement Of Intention Not To Make An Offer (4412R)
October 26 2023 - 7:29AM
UK Regulatory
TIDMRWI
RNS Number : 4412R
Macquarie Infra.& Real Assets Ltd.
26 October 2023
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 CITY CODE
ON TAKEOVERS AND MERGERS (THE "CODE").
THIS IS AN ANNOUNCEMENT PURSUANT TO THE PROVISIONS OF SECTION 4
PARAGRAPH 1 AND SECTION 7 PARAGRAPH 1 SUB B OF THE DECREE ON PUBLIC
TAKEOVER BIDS ( BESLUIT OPENBARE BIEDINGEN WFT ) OF THE
NETHERLANDS. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER, OR ANY
SOLICITATION OF AN OFFER, TO BUY OR SUBSCRIBE FOR ANY
SECURITIES.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
FOR IMMEDIATE RELEASE
26 October 2023
Macquarie Asset Management - on or behalf of one or more of its
managed funds - ("Macquarie")
Statement of Intention Not to Make an Offer for Renewi Plc
("Renewi")
Further to the announcements made by Macquarie and Renewi
regarding a possible offer for Renewi, Macquarie confirms that,
following multiple attempts to engage with Renewi's Board,
including a revised proposal, all of which were rejected, it does
not feel it is in an informed position to make an offer for Renewi.
Accordingly, Macquarie is bound by the restrictions under Rule 2.8
of the Code. For this reason, Macquarie will also not make a
request to the Dutch Authority for the Financial Markets (
Stichting Autoriteit Financiële Markten ) (the " AFM ") to approve
an offer document related to an offer for Renewi.
Macquarie reserves the right to set the restrictions in Rule 2.8
of the Code aside in the following circumstances:
(i) with the agreement of the Board of Renewi;
(ii) if a third party announces a firm intention to make an
offer for Renewi;
(iii) if Renewi announces a Rule 9 waiver proposal (see Note 1
on the Notes on Dispensations from Rule 9 of the Code) or a reverse
takeover (as defined in the Code); and/or
(iv) if there has been a material change of circumstances (as
determined by the Takeover Panel).
Macquarie is also subject to the restrictions under section 7 of
the Decree on Public Takeover Bids ( Besluit openbare biedingen Wft
) of the Netherlands, subject to any dispensations that may be
granted by the AFM.
Enquiries:
Macquarie Group
Helena Slater
Citigate Dewe Rogerson (PR Adviser to Macquarie) +44 20 3037 4014
Toby Moore +44 7768 981 763
Caroline Merrell +44 7852 210 329
Jos Bieneman +44 7834 336 650
Rule 26.1 Disclosure
In accordance with Rule 26.1 of the Code, a copy of this
announcement will be available at
https://www.macquarie.com/au/en/about/company/macquarie-asset-management.html,
by no later than 12 noon (London time) on the business day
following this announcement. The content of the website referred to
in this announcement is not incorporated into and does not form
part of this announcement.
Further Information
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sell or an invitation to purchase or subscribe for any securities
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restrictions.
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the United Kingdom may be restricted by law and therefore persons
into whose possession this announcement comes should inform
themselves about, and observe, such restrictions. Any failure to
comply with the restrictions may constitute a violation of the
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