RE: RNS Update on takeover offer11 Feb 2020 07:11
Statement re. possible offer
GKSD Investment Holding SA ("GKSD"), a company backed by sponsors of Gruppo San Donato ("GSD"), notes the announcement by NMC Health plc ("NMC" or the "Company") that NMC has received an approach from GK Investment Holding Group SA ("GKI") regarding a possible offer for NMC.
GKSD confirms that GKI is acting as adviser to GKSD and made the approach on its behalf and that GKSD is in the preliminary stages of considering an offer for NMC.
Takeover Code notices
This announcement does not amount to a firm intention to make an offer and accordingly there can be no certainty that an offer will made, nor as to the terms on which any offer will be made.
GKSD confirms that in accordance with Rule 2.6(a) of the Code, GKSD is required, by no later than 5.00 p.m. on 9 March 2020, to either announce a firm intention to make an offer for NMC in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Takeover Code applies. This deadline may be extended with the consent of the Panel on Takeovers and Mergers in accordance with Rule 2.6(c) of the Takeover Code.
For the purposes of the Takeover Code, any offer if made is likely to be in cash. GKSD reserves the right to vary the form and mix of any consideration.
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