Frasers Group PLC No intention to bid statement: Mulberry Group plc
RNS Number : 0645J
Frasers Group PLC
17 December 2020
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION
WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR
REGULATIONS OF THAT JURISDICTION
THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE
CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE")
Date: 17 December 2020
Frasers Group plc
("Frasers Group" or the "Company")
No intention to bid statement regarding Mulberry Group plc
Further to the announcement made on 19 November 2020 in relation
to a possible offer for Mulberry Group plc ("Mulberry") by Frasers
Group, Frasers Group confirms that it does not intend to make an
offer under Rule 2.7 of the Code.
This is a statement to which Rule 2.8 of the Code applies.
For the purposes of Rule 2.8 of the Code, Frasers Group, and any
person(s) acting in concert with it, reserve the right to make or
participate in an offer or possible offer for Mulberry (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 Mulberry;
b) following the announcement of a firm intention to make an
offer for Mulberry by or on behalf of a third party;
c) following the announcement by Mulberry 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.
Further announcements will be made as appropriate.
The person responsible for arranging the release of this
announcement on behalf of the Company is Tom Piper, Company
Secretary of the Company.
Frasers Group plc
Tom Piper, Company T. 0344 245 9200
Secretary E. firstname.lastname@example.org
This announcement is not intended to, and does not, constitute
or form part of any offer, invitation or the solicitation of an
offer to purchase, otherwise acquire, subscribe for, sell or
otherwise dispose of, any securities whether pursuant to this
announcement or otherwise.
The distribution of this announcement in jurisdictions outside
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
securities law of any such jurisdiction.
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(END) Dow Jones Newswires
December 17, 2020 10:42 ET (15:42 GMT)