rns9 May 2017 08:14
Further update on regulatory reviews
RNS Number : 5316E
Sepura PLC
09 May 2017
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 OF SUCH JURISDICTION. THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.
For immediate release
9 May 2017
RECOMMENDED CASH OFFER
for
SEPURA PLC
by
Project Shortway Limited, a wholly-owned subsidiary of
HYTERA COMMUNICATIONS CORPORATION LIMITED
to be effected
by way of a scheme of arrangement
under Part 26 of the Companies Act 2006
Further update on regulatory reviews
Sepura plc ("Sepura") announces a further update in respect of regulatory approvals which are currently being sought by Hytera Communications Corporation Limited ("Hytera") and Sepura in connection with the Acquisition announced on 16 December 2016 and described in the scheme document published by Sepura on 16 January 2017 (the "Scheme Document").
The Secretary of State for Business, Energy and Industrial Strategy has announced that, subject to the outcome of a period of public consultation which closes at 5.00 p.m. on Wednesday 10 May 2017, he is proposing to accept statutory undertakings set out by the parties involved in the Acquisition. This acceptance of the statutory undertakings would avoid the need to make a reference to the Competition and Markets Authority for a more detailed investigation into the Acquisition.