Multiple Bidders23 Nov 2018 11:50
Flybe Group plc
Statement Regarding Media Speculation
The Board of Flybe Group plc ("Flybe" or the "Company") notes the recent media speculation and confirms that Virgin Atlantic Airways Limited ("Virgin Atlantic") is one of the parties it is in discussions with as part of the formal sale process announced on 14 November 2018.
There can be no certainty that an offer will be made, nor as to the terms on which any offer will be made.
Further announcements will be made in due course as appropriate.
As announced on 14 November 2018, the Panel on Takeovers and Mergers (the "Takeover Panel") has agreed that any discussions with third parties may be conducted within the context of a formal sale process. Accordingly, Virgin Atlantic will not be subject to the 28-day deadline referred to in Rule 2.6(a) of the Code for so long as it is participating in the formal sale process.
The Company continues to be in an offer period as defined in the Code and the dealing disclosure requirements set out below continue to apply.