REG - I Squared Capital FirstGroup PLC - Statement re FirstGroup plc

FirstgroupAnnouncement

16/08/2022 14:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220816:nRSP2155Wa&default-theme=true

RNS Number : 2155W  I Squared Capital Advisors (UK) LLP  16 August 2022

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

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

 

16 August 2022

 

For immediate release

 

No intention to make an offer for FirstGroup plc

 

Further to the announcements made by FirstGroup plc ("FirstGroup") on 26 May
2022, 23 June 2022 and 21 July 2022, I Squared Capital Advisors (UK) LLP ("I
Squared") confirms that it does not intend to make an offer for FirstGroup.

 

This announcement is made in accordance with Rule 2.8 of the Code. As a result
of this announcement, I Squared will, except with the consent of the UK Panel
on Takeovers and Mergers (the "Panel"), be bound by the restrictions contained
in Rule 2.8 of the Code.

 

Under Note 2 on Rule 2.8 of the Code, I Squared reserves the right to set
aside the restrictions in Rule 2.8 in the following circumstances:

 

i.              with the agreement or recommendation of the board
of directors of FirstGroup;

ii.             following the announcement of a firm intention to
make an offer for FirstGroup by or on behalf of a third party;

iii.            following the announcement by FirstGroup of a Rule
9 waiver proposal (as described in Note 1 on the Dispensations from Rule 9 of
the Code) or a reverse takeover (as defined in the Code); or

iv.           where the Panel has determined there has been a
material change of circumstances.

 

 

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  STRFLFLVTEIRLIF