REG - Good Energy Group - Extension of PUSU deadline

Good EnergyAnnouncement

20/01/2025 07:00

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RNS Number : 8584T  Good Energy Group PLC  20 January 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 2.4 OF THE CITY CODE ON TAKEOVERS
AND MERGERS (THE "CODE") AND DOES NOT CONSTITUTE AN ANNOUNCEMENT OF A FIRM
INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE CODE AND THERE CAN BE NO
CERTAINTY THAT AN OFFER WILL BE MADE, NOR AS TO THE TERMS ON WHICH ANY OFFER
WILL BE MADE

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

FOR IMMEDIATE RELEASE

 

Good Energy Group PLC

("Good Energy" or the "Company")

 

Extension of PUSU deadline

 

On 28 October 2024, the Board of Directors of Good Energy (the "Board")
announced that it had received an indicative, non-binding proposal from
Esyasoft Holding Limited ("Esyasoft") relating to a possible offer for the
entire issued and to be issued share capital of the Company.

In order to allow further time for Esyasoft to progress its due diligence
exercise, the Company has requested that the Panel on Takeovers and Mergers
(the "Panel") extends the current deadline of 5.00 pm on 20 January 2025 by
which time Esyasoft must, in accordance with Rule 2.6(a) of the Code, either
announce a firm intention to make an offer for the Company under Rule 2.7 of
the Code or announce that it does not intend to make an offer, in which case
the announcement will be treated as a statement to which Rule 2.8 of the Code
applies (the "PUSU Deadline").

In the light of this request, an extension has been granted by the Panel and,
in accordance with Rule 2.6(a) of the Code, Esyasoft is required, by not later
than 5.00 pm on 17 February 2025, to either announce a firm intention to make
an offer in accordance with Rule 2.7 of the Code or announce that it does not
intend to make an offer, in which case the announcement will be treated as a
statement to which Rule 2.8 of the Code applies. This revised PUSU Deadline
may be extended with the consent of the Panel, at Good Energy's request, in
accordance with Rule 2.6(c) of the Code.

There can be no certainty that an offer will be made.

 

Enquiries

 Good Energy Group PLC
 Nigel Pocklington, Chief Executive           Email: press@goodenergy.co.uk

 Ian McKee, Head of Communications
 SEC Newgate UK
 Elisabeth Cowell / Molly Gretton             Tel: +44 (0)7900 248213

                                              Email: GoodEnergy@secnewgate.co.uk
 Canaccord Genuity Limited (Rule 3 Adviser, Financial Adviser, Nominated
 Adviser and Joint Broker)
 Henry Fitzgerald-O'Connor / Harry Rees       Tel: +44 (0) 20 7523 4617
 Panmure Liberum Limited (Joint Broker)
 Edward Mansfield / William King / Josh Moss  Tel: +44 (0) 20 3100 2000

 

 

Important notices

The person responsible for the release of this announcement on behalf of the
Company is Nigel Pocklington.

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, 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.

Canaccord Genuity Limited ("Canaccord Genuity"), which is authorised and
regulated in the United Kingdom by the Financial Conduct Authority, is acting
exclusively for Good Energy and for no-one else in connection with the matters
referred to in this Announcement and will not be responsible to any person
other than Good Energy for providing the protections afforded to clients of
Canaccord Genuity, nor for providing advice in relation to the matters
referred to herein. Neither Canaccord Genuity nor any of its affiliates (nor
any of its or their respective directors, officers, employees, representatives
or agents) owes or accepts any duty, liability or responsibility whatsoever
(whether direct or indirect, whether in contract, in tort, under statute or
otherwise) to any person who is not a client of Canaccord Genuity in
connection with the matters referred to in this Announcement, or otherwise.

 

Publication on website

In accordance with Rule 26.1 of the Takeover Code, a copy of this announcement
will be available (subject to certain restrictions relating to persons
resident in restricted jurisdictions) at www.goodenergy.co.uk/investors 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.

 

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