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  3. Sinclair Pharma Share Price
  4. Sinclair Pharma Share Regulatory News
  5. Disclosure under Rule 2.10(c)

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Disclosure under Rule 2.10(c)

18 Oct 2018 07:00

RNS Number : 4056E
Sinclair Pharma PLC
18 October 2018
 

Toscafund Asset Management LLP

Disclosure under Rule 2.10(c) of The City Code on Takeovers and Mergers

 

Toscafund Asset Management LLP ("Toscafund") provided a non-binding letter of intent to Huadong Medicine Aesthetics Investment (Hong Kong) Limited on 28 August 2018 regarding the proposed acquisition of Sinclair Pharma plc ("Sinclair") as referred to in the announcement of the recommended cash offer on 18 September 2018.

 

The non-binding letter of intent was for 148,613,603 ordinary shares of 1p each in Sinclair Pharma plc.

 

On 16 October 2018 Sinclair announced that following a disposal, Toscafund no longer intended to comply with the letter of intent in respect of 92,000,000 ordinary shares of 1p each in Sinclair Pharma plc.

 

In accordance with Rule 2.10(c) of The City Code on Takeovers and Mergers it is today confirmed that following a further disposal of 56,613,603 ordinary shares of 1p each in Sinclair Pharma plc Toscafund no longer intends to comply with the letter of intent in respect of any ordinary shares of 1p each in Sinclair Pharma plc.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
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