REG - Bain Capital PE Eur. Craneware plc - Rule 2.8 Announcement

CranewareAnnouncement

11/06/2025 07:00

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RNS Number : 2895M  Bain Capital Private Equity (Euro.)  11 June 2025

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, 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 IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE CITY CODE ON TAKEOVERS
AND MERGERS (THE "CODE").

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.

 

For immediate
release
 

11 June 2025

 

No intention to make an offer for Craneware plc

 

Further to the announcement on 16 May 2025 regarding a possible offer for
Craneware plc ("Craneware"), Bain Capital Private Equity (Europe), LLP ("Bain
Capital"), in its capacity as an adviser to the funds managed and/or advised
by it or its affiliates (the "Bain Capital Funds"), confirms that it does not
intend to make a firm offer for Craneware.

 

This is a statement to which Rule 2.8 of the Code applies. Accordingly, Bain
Capital and any person(s) acting in concert with it will, except with the
consent of the Panel on Takeovers and Mergers (the "Takeover Panel"), be bound
by the restrictions set out in Rule 2.8 of the Code.  Under Note 2 of Rule
2.8 of the Code, Bain Capital, and any person(s) acting in concert with it,
reserves the right to set the restrictions in Rule 2.8 of the Code aside in
the following circumstances:

a)   with the agreement of the Board of Directors of Craneware;

b)   following the announcement of a firm intention to make an offer for
Craneware by, or on behalf of, a third party;

c)   following the announcement by Craneware of a Rule 9 waiver proposal (as
described in Note 1 of the Notes on Dispensations from Rule 9 of the Code), or
a reverse takeover (as defined by the Code); or

d)   where the Takeover Panel has determined that there has been a material
change in circumstances.

Bain Capital also reserves the right to acquire shares of Craneware, subject
to, and in accordance with, the Code and other applicable regulations.

 

Enquiries:

 

 Bain Capital               +44 (0) 7591 760 844
 Baincapital@camarco.co.uk

 

Important notices

In accordance with Rule 26.1 of the Code, a copy of this announcement will be
made available, subject to certain restrictions relating to persons resident
in restricted jurisdictions, at
https://www.baincapital.com/craneware-possible-offer promptly and by no later
than 12 noon (London time) on the 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.

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, whether 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.

This announcement has been prepared in accordance with English law and
information disclosed may not be the same as that which would have been
prepared in accordance with the laws of jurisdictions outside England.

The release, distribution or publication of this announcement in whole or in
part, directly or indirectly in, into or from jurisdictions outside the United
Kingdom may be restricted by laws of the relevant jurisdictions and therefore
persons into whose possession this announcement comes should inform themselves
about, and observe, such restrictions. Any failure to comply with the
restrictions may constitute a violation of the securities law of any such
jurisdiction.

This announcement contains inside information for the purposes of Article 7 of
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). Upon publication
of this announcement, such inside information will be considered to be in the
public domain.

 

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