REG - Malin Corp PLC - Acquisition of Tender Offer Shares

MalinAnnouncement

21/03/2025 17:30

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RNS Number : 7495B  Malin Corporation PLC  21 March 2025

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INDIRECTLY, IN OR INTO ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE
THIS ANNOUNCEMENT

 

21 March 2025

Malin Corporation plc

("Malin" or the "Company")

Acquisition of Tender Offer Shares

 

Further to its announcement of the results of its Tender Offer earlier today,
Malin confirms that, under the terms of the Option Agreement, it has acquired
from Davy 14,563,106 Ordinary Shares in the Company on Euronext Dublin, at the
Tender Price of €10.30 per Ordinary Share, representing a total cost of
approximately €150 million. The Ordinary Shares acquired by the Company are
today being cancelled. The Ordinary Shares were originally purchased by Davy
pursuant to the Tender Offer at the Tender Price.

 

The 14,563,106 Ordinary Shares acquired by the Company from Davy represented
approximately 77.1% of Malin's Issued Ordinary Share Capital immediately prior
to such acquisition. Following completion of the Tender Offer and the
cancellation of 14,563,106 Ordinary Shares, Malin's issued ordinary share
capital consists of  4,326,168 Ordinary Shares. This figure may be used by
shareholders as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a change to
their interest in, Malin. The Company does not hold any shares in treasury.

 

Capitalised words and expressions in this announcement shall, unless the
context provides otherwise, have the same meaning as in the shareholder
circular published by the Company on 19 February 2025 (the "Circular").

 

For further information please contact:

 

Malin

Fiona Dunlevy, CEO/Company Secretary

Tel: +353 (0)1 905 3531

cosec@malinplc.com (mailto:cosec@malinplc.com)

 

Davy Corporate Finance (Financial Adviser, Euronext Growth Listing Sponsor
& Broker)

Brian Garrahy / Daragh O'Reilly

Tel: +353 1 679 6363

 

Sodali & Co (Media enquiries)

Eavan Gannon

Tel: +353 87 236 5973

eavan.gannon@sodali.com (mailto:eavan.gannon@sodali.com)

 

 

 

 

Important Notices

 

This announcement does not constitute, or form part of, an offer or any
solicitation of an offer, to purchase or repurchase securities in any
jurisdiction or constitute a recommendation or advice in respect of any
securities or other financial instruments or any other matter. Malin
shareholders are advised to read carefully the Circular. Any response to the
Tender Offer should be made only on the basis of the information in the
Circular.

 

Davy, which is regulated in Ireland by the Central Bank, is acting exclusively
for Malin and no-one else in connection with the matters described in this
announcement. Davy will not regard any other person (whether or not a
recipient of this announcement) as its customer or be responsible to any other
person for providing the protections to customers of Davy nor for providing
advice in relation to the transactions and arrangements described in this
announcement. Davy is not making any representation or warranty, express or
implied, as to the contents of this announcement. Davy has not approved the
contents of, or any part of, this announcement and no liability whatsoever is
accepted by Davy for the accuracy of any information or opinions contained in
this announcement or for the omission of any information from this
announcement.

 

Forward-looking Statements

This announcement contains certain forward-looking statements with respect to
the financial condition, results of operations and business of the Group and
certain plans and objectives of the Board, that are subject to risk factors
associated with, amongst other things, the economic and business circumstances
occurring from time to time in the countries, sectors and business segments in
which the Group operates. These factors include, but are not limited to, those
discussed in Part 4 (Risk Factors Related to the Tender Offer) of the
Circular. These forward-looking statements can be identified by the fact that
they do not relate only to historical or current facts. Forward looking
statements often use words such as "anticipate", "target", "expect",
"estimate", "intend", "plan", "goal", "believe", "will", "may", "should",
"would", "could" or other words of similar meaning. These statements are based
on assumptions and assessments made by the Board in light of its experience
and perception of historical trends, current conditions, expected future
developments and other factors it believes appropriate. By their nature,
forward-looking statements involve risk and uncertainty, and the factors
described in the context of such forward-looking statements in this document
could cause actual results or developments to differ materially from those
expressed in or implied by such forward-looking statements.

 

Should one or more of these risks or uncertainties materialise, or should
underlying assumptions prove incorrect, actual results may vary materially
from those described in this document. Malin assumes no obligation to update
or correct the information contained in this document, whether as a result of
new information, future events or otherwise, except to the extent required by
law or the Euronext Growth Rules.

 

The statements contained in this announcement are made as at the date of this
announcement, unless some other time is specified in relation to them, and
publication of this document shall not give rise to any implication that there
has been no change in the facts set out in this document since such date.
Nothing contained in this announcement shall be deemed to be a forecast,
projection or estimate of the future financial performance of Malin except
where expressly stated.

 

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