7 May 2019 07:00
Statement regarding Garda World Security Corporation
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.
FOR IMMEDIATE RELEASE
5 May 2019
Statement regarding Garda World Security Corporation
The board of G4S plc (the "Company") notes the announcement by GardaWorld Security Corporation (“Garda World”) on 5 May stating that, in accordance with Rule 2.8 of the City Code on Takeovers and Mergers (the “Code”), it does not intend to make an offer for the Company. Accordingly, GardaWorld is now subject to the restrictions under Rule 2.8 of the Code.
G4S plc confirms that during the offer period, which commenced on 10 April 2019, it received no proposals from GardaWorld, nor any requests for information or for an extension to the PUSU deadline under the Code.
The Group continues to focus on its previously announced review of options for the separation of its Cash Solutions business from the Group. Our aim is to establish two strong independent businesses that are able to take advantage of their leading market positions and excellent service offerings for the benefit of customers, employees and shareholders. The Group is making good progress in its plans to enable it to commence separation of the cash business in the second half of 2019 and our analysis to date has further strengthened our expectation that a separation will deliver significant benefits.
Since GardaWorld announced, on 10 April, that it was considering an offer for the Company or part thereof, G4S has received additional expressions of interest to acquire the Group’s Cash Solutions businesses and these will be evaluated alongside the separation review.
A copy of this announcement is also available on G4S plc’s website at www.g4s.com. The content of this website is not incorporated in, and does not form part of, this announcement.
| Contact information: | ||
| Investor Relations: | ||
| Helen Parris | Director of Investor Relations | +44 (0) 207 9633189 |
| Media enquiries: | ||
| Sophie McMillan | Head of Media | +44 (0) 759 5523483 |
| Press office | +44 (0) 207 9633333 |
This announcement is not intended to, and does not, constitute or form part of any offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities whether pursuant to this announcement or otherwise.
The distribution of this announcement in jurisdictions outside the United Kingdom may be restricted by law and therefore persons into whose possession this announcement comes should inform themselves about, and observe, such restrictions. Any failure to comply with the restrictions may constitute a violation of the securities law of any such jurisdiction.
Notes to Editors:G4S is the leading global, integrated security company, specialising in the provision of security services and solutions to customers. Our mission is to create material, sustainable value for our customers and shareholders by being the supply partner of choice in all our markets.
G4S is quoted on the London Stock Exchange and has a secondary stock exchange listing in Copenhagen. G4S is active in around 90 countries and has around 546,000 employees. For more information on G4S, visit www.g4s.com.