Last checked at 10 Aug 2021 07:26
STATEMENT RE POSSIBLE OFFER
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 THAT JURISDICTION
FOR IMMEDIATE RELEASE
10 August 2021
Restore plc
Response to Marlowe no intention to bid statement
The Board of Restore plc ("Restore") notes the announcement by Marlowe plc ("Marlowe") earlier today that it does not intend to make a firm offer for Restore. As a result of the announcement, Marlowe is bound by the restrictions contained in Rule 2.8 of the City Code on Takeovers and Mergers.
Martin Towers, Non-Executive Chairman of Restore, said:
"We have made significant strategic progress in 2021, alongside a sustained recovery from the impact of the pandemic, becoming a larger, stronger and growing business. We were delighted to have received such strong support from our shareholders through this process and are committed to generating sustainable long-term value for them and all of our stakeholders, through the continued delivery of our strategy."
The person responsible for arranging the release of this announcement on behalf of Restore is Sarah Waudby, Company Secretary.
Enquiries
Restore plc | www.restoreplc.com |
Charles Bligh, CEO Neil Ritchie, CFO | +44 20 7409 2420 |
Canaccord Genuity Limited (Financial Adviser to Restore) |
www.cfg.com |
Chris Robinson / Edward Halfon | +44 20 7523 8000 |
Peel Hunt LLP (Nominated Adviser and Broker) | www.peelhunt.com |
Mike Bell / Ed Allsopp | +44 20 7418 8900 |
Buchanan Communications (Media Relations) | www.buchanan.uk.com |
Charles Ryland / Vicky Hayns / Tilly Abraham | +44 20 7466 5107 |
Disclaimer
Canaccord Genuity Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting exclusively for Restore and no one else in connection with the matters set out in this announcement and will not be responsible to anyone other than Restore for providing the protections afforded to clients of Canaccord Genuity Limited or for providing advice in relation to the matters set out in this announcement.
Peel Hunt LLP, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting as corporate broker for Restore and for no one else in connection with the matters referred to in this announcement and will not be responsible to anyone other than Restore for providing the protections afforded to clients of Peel Hunt LLP or for providing advice in relation to the matters set out in this announcement.