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4 Mar 2025 15:17
THE FOLLOWING ANNOUNCEMENT IS BEING MADE PURSUANT TO THE REQUIREMENTS OF RULE 19.6(C) OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE") WHICH, AMONGST OTHER THINGS, REQUIRES A PARTY TO AN OFFER TO MAKE AN ANNOUNCEMENT AT THE END OF A PERIOD OF 12 MONTHS FROM THE DATE ON WHICH AN OFFER PERIOD ENDED CONFIRMING WHETHER IT HAS TAKEN, OR NOT TAKEN, THE COURSE OF ACTION SET OUT IN ITS STATED INTENTIONS
FOR IMMEDIATE RELEASE
04 March 2025
Young & Co’s Brewery, P.L.C. ("Young’s")
Rule 19.6(c) confirmation with respect to post-offer intentions regarding The City Pub Group Plc ("City Pubs")
Young’s announces that, further to the completion of its recommended cash acquisition of the entire issued and to be issued ordinary share capital of City Pubs, which was effected by way of a scheme of arrangement under Part 26 of the Companies Act 2006 and which became effective on 04 March 2024, the Board of Directors of Young’s has duly confirmed in writing to The Panel on Takeovers and Mergers in accordance with the requirements of Rule 19.6(c) of the Code that Young’s has complied with its post-offer intention statements made pursuant to Rules 2.7(c)(viii) and 24.2 of the Code, as originally detailed in Young’s Rule 2.7 announcement dated 16 November 2023 and the City Pubs scheme document published on 13 December 2023.
Enquiries:
Young’s Simon Dodd, Chief Executive Officer Mike Owen, Chief Financial Officer
| +44 208 875 7000 |
J.P. Morgan Cazenove (Sole Financial Adviser) James Mitford Jonty Edwards Dean Schneider
| +44 203 493 8000 |
Peel Hunt (NOMAD and broker) George Sellar Lalit Bose Ella Hastings
| +44 203 597 8639 |
MHP Communications (Public Relations Adviser) Tim Rowntree Eleni Menikou Charles Hirst | +44 777 075 3544 |
Important notices about financial advisers
J.P. Morgan Securities LLC, together with its affiliate J.P. Morgan Securities plc, which conducts its UK investment banking business as “J.P. Morgan Cazenove” and which is authorised in the United Kingdom by the Prudential Regulation Authority (the "PRA") and regulated in the United Kingdom by the PRA and the FCA, (together, J.P. Morgan Cazenove), is acting as financial adviser exclusively to Young’s and no one else in connection with the Acquisition and will not regard any other person as its client in relation to the Acquisition and will not be responsible to anyone other than Young’s for providing the protections afforded to clients of J.P. Morgan Cazenove or its affiliates, nor for providing advice in relation to the Acquisition or any other matter or arrangement referred to herein.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250304198960/en/
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