Last checked at 11 Nov 2020 17:48
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 OR REGULATIONS OF SUCH JURISDICTION.
THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE UK CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE")
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
FOR IMMEDIATE RELEASE
11 November 2020
Six Degrees Holdings Limited ("Six Degrees")
Statement regarding Redcentric plc ("Redcentric")
Further to the announcement made by Redcentric on 2 September in which Six Degrees was identified as a potential bidder for Redcentric, Six Degrees today confirms that it does not intend to make an offer under Rule 2.7 of the Code for the entire issued and to be issued share capital of Redcentric.
This is a statement to which Rule 2.8 of the Code applies.
Under Note 2 on Rule 2.8 of the Code, Six Degrees, and any person acting in concert with Six Degrees, reserves the right to set aside the restrictions in Rule 2.8 and participate in an offer or possible offer for Redcentric (and/ or take any other action which would otherwise be restricted under Rule 2.8 of the Code) within six months of the date of this announcement in the following circumstances: (i) with the agreement of the board of Redcentric; (ii) if a third party announces a firm intention to make an offer for Redcentric; (iii) if Redcentric 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).
The person responsible for making this announcement on behalf of Six Degrees is Steven Mitchell, CFO of Six Degrees.
Enquiries:
Six Degrees +44 (0) 20 7858 4000
Steven Mitchell, CFO
Important Notices
This announcement is not intended to, and does not, constitute, represent 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 or regulation and therefore any person 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.