Last checked at 4 Jun 2018 17:00
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 OR REGULATIONS OF THAT JURISDICTION
ANNOUNCEMENT UNDER RULE 2.8 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE")
FOR IMMEDIATE RELEASE
4 June 2018
Statement from LSREF V Investments, LLC (a company advised by Lone Star Global Acquisitions, Ltd. and its subsidiary Lone Star Europe Acquisitions Limited) ("Lone Star")
No intention to make an offer for IWG plc ("IWG")
Further to the announcement by IWG on 11 May 2018, Lone Star announces that it does not intend to make an offer for the entire issued and to be issued share capital of IWG pursuant to Rule 2.7 of the Code.
As a result of this announcement, Lone Star and any person acting in concert with it, is bound by the restrictions contained in Rule 2.8 of the Code.
Under Note 2 on Rule 2.8 of the Code, Lone Star, and any person acting in concert with it, reserves the right to set aside the restrictions in Rule 2.8 in the following circumstances: (i) with the agreement of the board of IWG; (ii) following the announcement of a firm intention to make an offer for IWG by a third party; (iii) if IWG announces a "whitewash" proposal (see Note 1 of the Notes on Dispensations from Rule 9) or a reverse takeover (as defined in the Code); and (iv) if there has been a material change of circumstances (as determined by the Panel on Takeovers and Mergers).
Enquiries:
Headland
Howard Lee / Del Jones
+44 (0) 20 3805 4822
Important notices
The release, publication or distribution of this announcement in whole or in part in, into or from certain jurisdictions may be restricted by law and therefore any person in such jurisdictions who comes into possession of this announcement should inform themselves about, and comply with, such restrictions. Any failure to comply with such restrictions may constitute a violation of the securities laws or regulations of any such relevant jurisdiction.
The information contained within this announcement is considered by Lone Star to constitute inside information as stipulated under the Market Abuse Regulation (EU) No.596/2014. Upon the publication of this announcement via a Regulatory Information Service, this inside information will be considered to be in the public domain.