REG - Belluscura PLC TMT Acquisition PLC - Belluscura Concert Party

BelluscuraAnnouncement

17/04/2024 07:01

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RNS Number : 8582K  Belluscura PLC  17 April 2024

17 April 2024

 

 

BELLUSCURA PLC

("Belluscura" or the "Company")

 

Belluscura Concert Party

 

On 19 January 2024, the Board of Belluscura and the independent director of
TMT Acquisition plc announced the revised terms of the recommended all share
offer to be made by Belluscura for the whole of the issued share capital of
TMT Acquisition plc (the "Offer").

 

Belluscura announced on 9 February 2024 that the Offer had become wholly
unconditional and the Offer closed on 8 March 2024.

 

The Company disclosed in the Offer Document published on 19 January 2024 that
the Concert Party, which had been established at the time of the Company's IPO
in May 2021, had a shareholding of 33.26 per cent of Belluscura's voting share
capital. The Takeover Panel accepted that the holding represented an
inadvertent breach of Rule 9 of the Takeover Code, and agreed to a proposal
that the Belluscura Concert Party instead dispose of sufficient Belluscura
Shares to persons unconnected with the Belluscura Concert Party in order to
reduce the Belluscura Concert Party's interest to below 30.0 per cent. of the
enlarged Belluscura share capital following completion of the Offer. This
proposal was approved by Shareholders at the meeting held on 5 February 2024.

 

The Company has advised the Takeover Panel that the Belluscura Concert Party
has now fulfilled the commitment given to the Takeover Panel and has now
reduced its shareholding to below 30.0 per cent following recent share sales
and the Concert Party currently holds 29.56 per cent of the total voting
rights of the Company.

 

 

Enquiries:

 

 Belluscura plc                                                        via MHP Group

 Adam Reynolds

 SPARK Advisory Partners Limited - Nominated Advisor to Belluscura     +44 (0)20 3368 3554

 Neil Baldwin / Jade Bayat

 Dowgate Capital Limited - Financial Advisor and Broker to Belluscura  +44 (0)20 3903 7715

 Russell Cook / Nicholas Chambers

 MHP Group - Financial PR & Investor Relations to Belluscura           Belluscura@mhpgroup.com (mailto:Belluscura@mhpgroup.com)

 Katie Hunt / Matthew Taylor

 

 

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