End of discussions!11 Jun 2025 07:12
Today 07:00
RNS Number : 2926M
GlobalData PLC
11 June 2025
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION
THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.4 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE") AND DOES NOT CONSTITUTE AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE CODE. THERE CAN BE NO CERTAINTY THAT AN OFFER WILL BE MADE, NOR AS TO THE TERMS ON WHICH ANY OFFER WILL BE MADE
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
FOR IMMEDIATE RELEASE
11 June 2025
GlobalData Plc ("GlobalData" or the "Company")
Offer Discussions Ended
On 30 April 2025, the Board of GlobalData (the "Board") confirmed, in response to media speculation, that it had received a preliminary, conditional proposal from funds managed and/or advised by ICG Europe Fund IX GP S.a.r.l. on behalf of ICG Europe Fund IX SCSP ("ICG"), regarding a possible cash offer for the entire issued and to be issued share capital of GlobalData, with an option for GlobalData shareholders to elect for an unlisted equity alternative (the "Proposal").
GlobalData announces today that it has terminated discussions with ICG regarding the Proposal.
The Board remains highly confident in the future prospects of GlobalData, including through the implementation of the three-year Growth Transformation Plan and the target for annualised revenues of £500m by the end of 2026.
Notwithstanding the termination of discussions, technically GlobalData remains in an "offer period" until ICG either announces a firm intention to make an offer for the Company in accordance with Rule 2.7 of the Code or announces that they do not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies, which must be by 5.00p.m. (London time) on 11 June 2025