REG - Cake Box Holdings - Response to Press Speculation

Cake Box HoldingsAnnouncement

20/07/2023 10:00

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RNS Number : 6662G  Cake Box Holdings PLC  20 July 2023

Cake Box Holdings plc

 

("Cake Box", "the Company" or "the Group")

 

Response to Press Speculation

 

 

The Company notes the recent press speculation.

 

The Company confirms that it received an unsolicited approach from River
Capital to acquire the entire issued and to be issued share capital of the
Company (the "Indicative Approach"). The Indicative Approach was made in early
June and with an indicative price of 160 pence a share.

 

The Board unequivocally rejected the Indicative Approach as materially
undervaluing the Company and no further discussions with River Capital have
taken place.

 

This announcement has been made without the consent of River Capital.

 

 For further information, please contact:

 

 Cake Box Holdings plc                   Enquiries via MHP

 Sukh Chamdal, CEO

 Michael Botha, CFO

 Shore Capital (Nomad and Joint Broker)  +44 (0) 20 7408 4090

 Stephane Auton

 Patrick Castle

 Liberum (Joint Broker)                  +44 (0) 20 3100 200

 Clayton Bush

 Tim Medak

 Edward Thomas

 MHP                                     +44 (0) 7834 623818

 Charlie Barker                          cakebox@mhpgroup.com (mailto:cakebox@mhpgroup.com)

 Robert Collett-Creedy

 

 

 

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