Offer Made - RNS28 Mar 2018 18:42
28th March 2018
Statement re press speculation
The Board of NEX Group plc ("NEX") notes this afternoon's press speculation and confirms that it has received a non-binding proposal from CME Group Inc. ("CME") regarding a potential acquisition of NEX at a price of �10 per share.
Discussions are at an advanced stage; there can be no certainty that an offer for NEX will be made, nor as to the terms of any offer.
A further announcement will be made if appropriate.
In accordance with Rule 2.6(a) of the Code, CME must, by not later than 5.00 pm on 12th April 2018, either announce a firm intention to make an offer for NEX in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer for NEX, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can be extended with the consent of the Panel on Takeovers and Mergers in accordance with Rule 2.6(c) of the Code.
This announcement has been made without the consent of CME.
In accordance with Rule 26.1 of the Code, a copy of this announcement will be available on NEX's website (http://www.nex.com/investors/possible-offer) by no later than 12 noon (London time) on the business day following the date of this announcement. The content of the website referred to in this announcement is not incorporated into, and does not form part of, this announcement.