REG - Big Yellow Group PLC - Termination of Discussions

Big YellowAnnouncement

04/12/2025 18:00

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RNS Number : 3540K  Big Yellow Group PLC  04 December 2025

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR
FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.

 

THIS ANNOUNCEMENT CONSTITUTES INSIDE INFORMATION AS STIPULATED UNDER THE
MARKET ABUSE REGULATION (EU) NO. 596/2014, AS IT FORMS PART OF UK DOMESTIC LAW
BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018.

 

 

FOR IMMEDIATE RELEASE

 

4 December 2025

 

 Big Yellow Group PLC ("Big Yellow" or "the Company")

 Termination of Discussions

 

On 13 October 2025, Blackstone Europe LLP ("Blackstone") announced that it was
considering its position in relation to Big Yellow which could include a cash
offer for the Company.

Subsequently, Blackstone has provided to the Board of Big Yellow today an
update on the status of their evaluation of a possible offer and the valuation
level at which it could make a proposal. The Board considered this in the
context of Big Yellow's strong performance, strategy and business model. It
has concluded that there is no basis for continuing discussions with
Blackstone.

The Board has indicated to Blackstone the put-up or shut-up deadline of 8
December 2025 will not be extended.

The person responsible for arranging the release of this announcement on
behalf of Big Yellow is Shauna Beavis, Company Secretary.

 

Enquiries:

 Big Yellow Group PLC                              Tel: +44 (0) 12 7647 7811

 Nicholas Vetch, Executive Chairman

 James Gibson, Chief Executive Officer

 John Trotman, Chief Financial Officer

 Goldman Sachs International (Financial Adviser)   Tel: +44 (0) 20 7774 1000

 Khamran Ali

 Owain Evans

 Arnout Harteveld

 Lorenzo Carlino

 Sodali & Co (Media Enquiries)                     Tel: +44 (0) 20 7100 6451

 Ben Foster

 Victoria Heslop

 

About Big Yellow Group PLC

Big Yellow is the UK's brand leader in self storage and operates from a
platform of 111 stores.  We have a pipeline of 1.0 million sq ft comprising
13 proposed self storage facilities.  The current maximum lettable area of
the existing platform is 6.5 million sq ft.  When fully built out the
portfolio will provide approximately 7.5 million sq ft of flexible storage
space.  99% of our stores and sites by value are held freehold and long
leasehold, with the remaining 1% short leasehold.  Currently by revenue 75%
of our stores are in London and its commuter towns, with the balance in larger
regional conurbations.

Our stores utilise state of the art technology for our digital and operating
platforms including security, and we focus on locating our stores in high
profile, accessible, main road locations.  We also focus on providing
excellent customer service, a highly engaged employee culture, and with
significant and increasing investment in sustainability.

Important notice

Goldman Sachs International, which is authorised by the Prudential Regulation
Authority and regulated by the Financial Conduct Authority and the Prudential
Regulation Authority in the United Kingdom, is acting exclusively for Big
Yellow and no one else in connection with the matters referred to in this
announcement and will not be responsible to anyone other than Big Yellow for
providing the protections afforded to clients of Goldman Sachs International,
or for providing advice in connection with the matters referred to in this
announcement.

Publication on a website

In accordance with Rule 26.1 of the Code, a copy of this announcement will be
available on Big Yellow's website at
https://corporate.bigyellow.co.uk/index.php, by no later than 12 noon (London
time) on the next business day following this announcement. The content of the
website referred to in this announcement is not incorporated into and does not
form part of this announcement.

Additional Information

This announcement is not intended to, and does not, constitute 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, or the
solicitation of any vote or approval in any jurisdiction, pursuant to this
announcement or otherwise.  Any offer, if made, will be made solely by
certain offer documentation which will contain the full terms and conditions
of any offer, including details of how it may be accepted.

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