22 May 2020 07:00
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.
22 May 2020
Moss Bros Group plc
Response to appeal of the Panel Executive's ruling
On 19 May 2020, the Takeover Panel Executive (the "Panel Executive") announced that it had ruled that Brigadier Acquisition Company Limited ("Brigadier") should not be permitted to invoke any of conditions 2(c)(viii), 2(g)(xiv), 2(h)(i) and 2(h)(iv) to its offer for Moss Bros (the "Ruling") and that Brigadier had been given a short period of time in which to decide whether to request a review of the Ruling by the Hearings Committee of the Takeover Panel.
The Board of Moss Bros Group plc ("Moss Bros" or the "Company") notes the subsequent announcement by the Panel Executive that Brigadier has requested a review of its Ruling. The outcome of the review will be announced in due course.
Moss Bros will seek to ensure that its position (as accepted by the Panel Executive) - that Brigadier has not established that the relevant requirements of the Takeover Code have been met and that Brigadier should not be permitted to invoke the relevant conditions in order to lapse its offer for Moss Bros - is confirmed.
The Company will make further announcements as appropriate.
Enquiries: | |
Moss Bros | Via Buchanan |
Colin Porter, Chairman | |
Brian Brick, CEO | |
Bill Adams, CFO | |
| |
Peel Hunt LLP (Lead Financial Adviser and Rule 3 Adviser to Moss Bros) | Tel: 020 7418 8900 |
George Sellar | |
Michael Nicholson | |
Rothschild & Co (Joint Financial Adviser to Moss Bros) | Tel: 020 7280 5000 |
John Byrne | |
Andrew Graham | |
Buchanan (Financial PR Adviser to Moss Bros) | Tel: 020 7466 5000 |
Charles Ryland | |
Important notices
Peel Hunt LLP ("Peel Hunt"), which is authorised and regulated in the United Kingdom by the FCA, is acting exclusively for Moss Bros and no-one else in connection with the matters set out in this announcement, and will not be responsible to anyone other than Moss Bros for providing the protections afforded to clients of Peel Hunt or for providing advice in connection with the Offer or any matter or arrangement referred to herein.
N.M. Rothschild & Sons Limited ("Rothschild & Co"), which is authorised and regulated by the FCA in the United Kingdom, is acting exclusively for Moss Bros and for no one else in connection with the Offer and will not be responsible to anyone other than Moss Bros for providing the protections afforded to its clients or for providing advice in connection with the Offer.