REG - JD.com, Inc. Currys PLC - STATEMENT FROM JD.COM

JD.ComAnnouncement

15/03/2024 14:15

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RNS Number : 1032H  JD.com, Inc.  15 March 2024

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE
OR IN PART 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")

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

 

FOR IMMEDIATE RELEASE

 

15 MARCH 2024

 

STATEMENT FROM JD.COM ("JD.COM")

STATEMENT OF INTENTION NOT TO MAKE AN OFFER FOR CURRYS PLC ("CURRYS")

 

 

Further to the announcement on 19 February 2024 that JD.com was in the very
preliminary stages of evaluating a possible transaction that may include a
cash offer for the entire issued share capital of Currys, JD.com today
confirms that, following careful consideration, it does not intend to make an
offer for Currys.

 

This is a statement to which Rule 2.8 of the Code applies.

 

For the purposes of Note 2 on Rule 2.8 of the Code, JD.com and any person(s)
acting in concert with it reserve the right to make or participate in an offer
for Currys (and/or take any other actions which would otherwise be restricted
under Rule 2.8 of the Code) within the next six months following the date of
this announcement:

 

(i)         with the agreement of Currys' Board;

 

(ii)        following the announcement of a firm intention to make an
offer for Currys by or on behalf of a third party;

 

(iii)       following the announcement by Currys of a Rule 9 waiver
proposal (as described in Note 1 of the Notes on Dispensations from Rule 9 of
the Code) or a reverse takeover (as defined in the Code); or

 

(iv)       where the Takeover Panel has determined that there has been a
material change of circumstances.

 

Enquiries:

 

Goldman Sachs International                     Tel: +4420
7774 1000

Andre Kelleners

Milan Hasecic

Chris Emmerson

 

Important notices

 

This announcement is not intended to and does not constitute an offer to buy
or the solicitation of an offer to subscribe for or sell or an invitation to
purchase or subscribe for any securities or the solicitation of any vote in
any jurisdiction.

The release, publication or distribution of this announcement in whole or in
part in, into or from certain jurisdictions may be restricted by law and
therefore persons in such jurisdictions should inform themselves about and
observe such restrictions.

 

Goldman Sachs International, which is authorised by the Prudential Regulation
Authority and regulated by the Financial Conduct Authority and the Prudential
Regulation Authority in the UK, is acting exclusively for JD.com and no one
else in connection with the matters set out in this announcement and will not
be responsible to anyone other than JD.com for providing the protections
afforded to clients of Goldman Sachs International or for providing advice in
connection with the matters referred to in this announcement.

 

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