Providence Equity Gamma Communications - Statement of intention not to make an offer

Gamma Communications

Wed 09:54

RNS Number : 5640J
  
Providence Equity LLP
  
24 June 2026
  
 


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
 
24 June 2026
 
 
Statement of intention not to make an offer for Gamma Communications Plc ("Gamma")
 
Further to the announcement made by Gamma on 10 June 2026 regarding a possible offer for Gamma by a consortium formed by Providence Equity Partners L.L.C. ("Providence") and Epiris LLP ("Epiris") (together, the "Consortium"), Providence confirms that it is no longer part of the Consortium and that it does not intend to make an offer for Gamma as part of the Consortium or otherwise.
 
Accordingly, except with the consent of the Takeover Panel, Providence (and any person acting in concert with it) is bound by the restrictions under Rule 2.8 of the Code.
 
Under Note 2 on Rule 2.8 of the Code, Providence (and any person acting in concert with it) reserves the right to set the restrictions in Rule 2.8 aside in the following circumstances:
·      with the agreement of the Board of Gamma;
·      if a third party announces a firm intention to make an offer for Gamma (excluding Epiris);
·      if Gamma announces a Rule 9 waiver (as described in Note 1 of the Notes on Dispensations from Rule 9) or a reverse takeover (as defined in the Code); or
·      if there has been a material change of circumstances (as determined by the Takeover Panel).
 
 
Important 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 whether pursuant to this announcement or otherwise.
 
The distribution of this announcement in jurisdictions outside the United Kingdom may be restricted by law 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.
 
 




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