REG - Takeover Panel IDOX PLC - Idox plc - offer timetable suspended

IdoxAnnouncement

20/02/2026 09:00

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RNS Number : 8312T  Takeover Panel  20 February 2026

2026/3

OFFER BY

FRANKEL UK BIDCO LIMITED ("FRANKEL")

FOR

IDOX PLC ("IDOX")

OFFER TIMETABLE SUSPENDED

Rule 31.8 of the Takeover Code provides that, except with the consent of the
Panel, the board of an offeree company should not announce any material new
information after Day 39 of the offer timetable.  Normally, therefore, the
last day for the announcement by Idox of material new information in the
context of the offer by Frankel would be 23 February 2026.

Under Rule 31.4(a) of the Code, if one or more conditions to an offer relating
to an official authorisation or regulatory clearance has not been satisfied or
waived by 5.00 pm on the second day prior to Day 39, the Panel will normally
suspend the offer timetable:

 (i)   at the joint request of the offeror and the offeree company; or
 (ii)  at the request of either the offeror or the offeree company, provided that at
       least one of the outstanding conditions relates to a material official
       authorisation or regulatory clearance.

Frankel and Idox have jointly requested a suspension of the offer timetable in
accordance with Rule 31.4(a)(i) on the basis that one or more conditions to
the offer relating to an official authorisation or regulatory clearance will
not be satisfied or waived by 5.00pm on 21 February 2026.

The Panel Executive has agreed to this request and has therefore suspended the
offer timetable.

Under Rule 31.4(b), the offer timetable will resume on the date on which the
last condition relating to a relevant official authorisation or regulatory
clearance is satisfied or waived, which date will then become the 28th day
prior to Day 60 of the revised offer timetable.

In accordance with Rule 31.4(d), when the offer timetable resumes in
accordance with Rule 31.4(b), Frankel will make an announcement confirming the
new Day 60.

The requirement for Frankel to make announcements of acceptance levels under
Rule 17.1(a)(i) of the Code will not apply for the duration of the suspension
of the offer timetable and will recommence when the offer timetable resumes.

 

20 February 2026

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