REG - Slingsby(H.C.)Plc - Conclusion of formal sale process

H C SlingsbyAnnouncement

01/04/2025 09:30

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RNS Number : 1127D  Slingsby(H.C.)Plc  01 April 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 SUCH JURISDICTION.

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK
MARKET ABUSE REGULATIONS ("MAR").

 

 

1 April 2025

 

H C SLINGSBY PLC

("Slingsby", "the Group" or the "Company")

 

Conclusion of formal sale process

 

End of offer period

 

 

Further to the announcement on 11 February 2025, the board of Slingsby (the
"Board") announces the conclusion of the formal sale process (the "FSP"),
following a review of the progress of the FSP.

 

The Company announced on 11 February 2025 that it had commenced a FSP under
the Takeover Code (the "Code") as part of the Board's review of various
strategic options.

 

The Company conducted a targeted and strategic process, as indicated in the
announcement of 11 February 2025 and engaged with a range of parties during
the process. However, in the current climate and circumstances, the Company
has not received a proposal that would lead to an offer for the Company and
the Board does not believe that continuing or expanding the FSP process will
deliver an outcome that would satisfactorily meet the interests of all
stakeholders.  The Board therefore considers that it is in the interests of
all shareholders to conclude the FSP at this stage and focus on the Group's
operations and strategy.

 

Following this announcement, the Company is no longer considered to be in an
"offer period" as defined in the Code and the requirement to make disclosures
under Rule 8 of the Code has now ceased.

 

Enquiries:

 

 H C Slingsby PLC                                                           Tel: 01274 535 030
 Andrew Kitchingman, Non-Executive Chairman
 Morgan Morris, Group Chief Executive

 Allenby Capital Limited (Financial Adviser, Nominated Adviser and Broker)  Tel: 020 3328 5656
 Alex Brearley / Ashur Joseph (Corporate Finance)

 Amrit Nahal (Sales and Corporate Broking)

 

 

 

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