REG - Blackstone Europe Big Yellow Group PLC - Rule 2.8 Announcement

Big YellowAnnouncement

05/12/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251205:nRSE3660Ka&default-theme=true

RNS Number : 3660K  Blackstone Europe LLP  05 December 2025

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

THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE CITY CODE ON TAKEOVERS
AND MERGERS (THE "CODE")

FOR IMMEDIATE RELEASE

5 December 2025

No intention to make an offer for Big Yellow Group PLC ("Big Yellow")

On 4 December 2025, Big Yellow announced that it had concluded there was no
basis to continue discussions with Blackstone Europe LLP ("Blackstone") and
that it intended not to extend the put-up or shut-up deadline of 8 December
2025.

Blackstone confirms that it is not intending to make an offer for Big Yellow.
Accordingly, Blackstone and any person acting in concert with it, except with
the consent of the Panel on Takeovers and Mergers (the "Panel"), is bound by
the restrictions under Rule 2.8 of the Code.

Under Note 2 on Rule 2.8 of the Code, Blackstone, and any person acting in
concert with Blackstone, reserves the right to set the restrictions in Rule
2.8 aside in the following circumstances:

a)   with the agreement of the board of Big Yellow;

b)   if a third party announces a firm intention to make an offer for Big
Yellow;

c)   if Big Yellow announces a Rule 9 waiver (see Note 1 of the Notes on
Dispensations from Rule 9) or a reverse takeover (as defined in the Code); or

d)   if there has been a material change of circumstances (as determined by
the Panel).

 

Enquiries:

 Blackstone                                             +44 75 5367 3528

 Dafina Grapci-Penney
 Rothschild & Co (Financial Adviser to Blackstone)      +44 20 7280 5000

 Alex Midgen

 Sam Green

Important notice related to financial adviser

N.M. Rothschild & Sons Limited ("Rothschild & Co"), which is
authorised and regulated by the Financial Conduct Authority in the United
Kingdom, is acting exclusively for Blackstone and for no one else in
connection with the subject matter of this announcement and will not be
responsible to anyone other than Blackstone for providing the protections
afforded to its clients or for providing advice in connection with the subject
matter of this announcement.

Rule 26.1 disclosure

In accordance with Rule 26.1 of the Code, a copy of this announcement will be
available (subject to certain restrictions relating to persons resident in
restricted jurisdictions) at https://publishdocuments.co.uk by no later than
12 noon (London time) on the business day following the date of this
announcement. The content of the website referred to in this announcement is
not incorporated into and does not form part of this announcement.

 

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  OUPUPGUCPUPAPPC



            Copyright 2019 Regulatory News Service, all rights reserved