REG - Safilo Group S.p.A. Inspecs Group PLC - No Intention to make an Offer For Inspecs Group

InspecsAnnouncement

Mon 08:30

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RNS Number : 5622L  Safilo Group S.p.A.  15 December 2025

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 REGULATION OF SUCH JURISDICTION.

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

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.

FOR IMMEDIATE RELEASE

SAFILO GROUP S.P.A.

NO INTENTION TO MAKE AN OFFER FOR INSPECS GROUP PLC

Further to the announcement by Inspecs Group plc ("Inspecs") on 10 December
2025, regarding the proposed acquisition of Inspecs by Bidco 1125 Limited
("Bidco 1125") at an offer price of 84 pence per Inspecs share, Safilo Group
S.p.A. ("Safilo") confirms that it does not intend to make a firm offer for
Inspecs.

This is an announcement under Rule 2.8 of the Takeover Code. As a result of
this announcement, save with the consent of the Panel, Safilo (together with
any persons acting in concert with it) will be bound by the restrictions set
out in Rule 2.8 of the Takeover Code.

Under Note 2 to Rule 2.8 of the Takeover Code, Safilo (together with any
persons acting in concert with it) reserves the right to set aside the
restrictions set out in Rule 2.8 of the Takeover Code in the following
circumstances:

·      if a third party (other than Bidco 1125) announces a firm
intention to make an offer for Inspecs;

·      if Inspecs announces a Rule 9 waiver proposal (see Note 1 of the
Notes on Dispensations from Rule 9 of the Takeover Code) or a reverse takeover
(as defined in the Takeover Code); or

·      where the Takeover Panel determines there has been a material
change of circumstances.

For further information:

Safilo                                                                                                  +39
049 6985766

Shore Capital (Financial Adviser to
Safilo)
         +44 (0)207 408 4090

William Marshall (Corporate Broking)
 
 

Stephane Auton / George Payne (Corporate Advisory)

 

Important notice

Shore Capital and Corporate Limited and Shore Capital Stockbrokers Limited
(either individually or collectively "Shore Capital"), which are authorised
and regulated in the United Kingdom by the Financial Conduct Authority, are
acting exclusively for Safilo and for no one else in connection with the
matters referred to in this announcement and will not be responsible to anyone
other Safilo for providing the protections afforded to clients of Shore
Capital or for providing advice in relation to the contents of, or matters
referred to in, this announcement. Neither Shore Capital & Corporate
Limited nor Shore Capital Stockbrokers Limited, nor any of their subsidiaries
or affiliates 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 Shore Capital in connection
with this announcement, any statement contained herein or otherwise.

Additional information

This announcement is not intended to, and does not, constitute or form part of
any offer, invitation or solicitation of any 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, whether pursuant to
this announcement or otherwise. Any offer, if made, will be made solely by
certain offer documentation which will contain the full terms and conditions
of any offer, including details of how it may be accepted.

The release, distribution or publication of this announcement in jurisdictions
outside the United Kingdom may be restricted by laws of the relevant
jurisdictions and therefore persons into whose possession this announcement
comes should inform themselves about, and observe, any such restrictions. Any
failure to comply with the restrictions may constitute a violation of the
securities law of any such jurisdiction.

The information contained within this announcement is considered by Safilo to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as incorporated into UK domestic law by virtue of the
European Union (Withdrawal) Act 2018. Upon the publication of this
announcement via a Regulatory Information Service, this inside information
will be considered to be in the public domain.

 

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