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RNS Number : 6467S Oxford Biomedica PLC 11 February 2026
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 OF SUCH JURISDICTION.
THIS IS AN ANNOUNCEMENT UNDER RULE 2.4 OF THE CITY CODE ON TAKEOVERS AND
MERGERS (THE "CODE") AND IS NOT AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN
OFFER UNDER RULE 2.7 OF THE CODE AND THERE CAN BE NO CERTAINTY THAT AN OFFER
WILL BE MADE, NOR AS TO THE TERMS ON WHICH ANY OFFER MIGHT BE MADE.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.
FOR IMMEDIATE RELEASE
11 February 2026
Oxford Biomedica plc
Extension of PUSU Deadline
On 14 January 2026, Oxford Biomedica plc ("OXB" or the "Company") (LSE: OXB)
confirmed it had received an unsolicited approach from EQT X EUR SCSp and EQT
X USD SCSp each represented by its manager (gérant), EQT Fund Management S.à
r.l. (collectively referred to as "EQT") regarding a possible cash offer for
the entire issued and to be issued ordinary share capital of the Company (the
"Possible Offer Announcement"). The Board further confirmed it had engaged in
preliminary discussions with EQT to explore whether EQT could make a proposal
at a level that the Board would be minded to recommend.
Preliminary discussions between the parties remain ongoing and in accordance
with Rule 2.6(c) of the Code, the Board of OXB has requested, and the Panel on
Takeovers and Mergers (the "Takeover Panel") has consented to, an extension to
the date by which EQT is required either to announce a firm intention to make
an offer for OXB in accordance with Rule 2.7 of the Code or to announce that
it does not intend to make an offer, in which case the announcement will be
treated as a statement to which Rule 2.8 of the Code applies. Such
announcement must now be made by not later than 5.00pm on 25 February 2026.
This deadline can be extended with the consent of the Takeover Panel.
There can be no certainty that an offer will be made, nor as to the terms at
which a firm offer might be made.
A further announcement will be made when appropriate. In the meantime, OXB
shareholders are urged to take no action.
Enquiries:
Oxford Biomedica plc: T: +44 (0) 1865 783 000
Lucy Crabtree - Chief Financial Officer
Evercore Partners International LLP (Financial Adviser to OXB) +44 (0) 20 7653 6000
Julian Oakley
Simon Elliott
Wladimir Wallaert
Harrison George
Jefferies International Limited (Financial Adviser and Corporate Broker to +44 (0) 20 7029 8000
OXB)
Philip Yates
Sam Barnett
Gil Bar-Nahum
William Brown
ICR Healthcare: +44 (0) 20 3709 5700
Mary-Jane Elliott / Angela Gray / Davide Salvi
ABOUT Oxford Biomedica
Oxford Biomedica (LSE: OXB) is a global quality and innovation-led contract
development and manufacturing organisation (CDMO) in cell and gene therapy
with a mission to enable its clients to deliver life changing therapies to
patients around the world.
One of the original pioneers in cell and gene therapy, OXB has 30 years of
experience in viral vectors; the driving force behind the majority of cell and
gene therapies. OXB collaborates with some of the world's most innovative
pharmaceutical and biotechnology companies, providing viral vector development
and manufacturing expertise in lentivirus, adeno-associated virus (AAV),
adenovirus and other viral vector types. OXB's world-class capabilities range
from early-stage development to commercialisation. These capabilities are
supported by robust quality-assurance systems, analytical methods and depth of
regulatory expertise.
OXB offers a vast number of unique technologies for viral vector
manufacturing, including a 4th generation lentiviral vector system (the
TetraVecta™ system), a dual-plasmid system for AAV production, suspension
and perfusion process using process enhancers and stable producer and
packaging cell lines.
OXB, a FTSE4Good constituent, is headquartered in Oxford, UK. It has
development and manufacturing facilities across Oxfordshire,
UK, Lyon and Strasbourg, France, Bedford MA, US and Durham NC, US. Learn
more at www.oxb.com and follow us on LinkedIn and YouTube.
PUBLICATION OF THIS ANNOUNCEMENT
In accordance with Rule 26.1 of the City Code on Takeovers and Mergers, a copy
of this announcement will, subject to certain restrictions relating to persons
resident in restricted jurisdictions, be available at www.oxb.com. For the
avoidance of doubt, the content of the website referred to above is not
incorporated into and does not form part of this announcement.
ADDITIONAL INFORMATION
This announcement is not intended to, and does not, constitute or form part of
any offer, invitation or the solicitation of an 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, 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, publication or distribution of this announcement in certain
jurisdictions may be restricted by law. Persons who are not resident in the
United Kingdom or who are subject to other jurisdictions should inform
themselves of, and observe, any applicable requirements.
IMPORTANT NOTICES
Evercore Partners International LLP ("Evercore"), which is authorised and
regulated by the Financial Conduct Authority ("FCA") in the UK, is acting
exclusively as financial adviser to OXB and no one else in connection with the
matters described in this announcement and will not be responsible to anyone
other than OXB for providing the protections afforded to clients of Evercore
nor for providing advice in connection with the matters referred to herein.
Neither Evercore nor any of its subsidiaries, branches 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 Evercore in connection with this announcement,
any statement contained herein, any offer or otherwise. Apart from the
responsibilities and liabilities, if any, which may be imposed on Evercore by
the Financial Services and Markets Act 2000, or the regulatory regime
established thereunder, or under the regulatory regime of any jurisdiction
where exclusion of liability under the relevant regulatory regime would be
illegal, void or unenforceable, neither Evercore nor any of its affiliates
accepts any responsibility or liability whatsoever for the contents of this
announcement, and no representation, express or implied, is made by it, or
purported to be made on its behalf, in relation to the contents of this
announcement, including its accuracy, completeness or verification of any
other statement made or purported to be made by it, or on its behalf, in
connection with OXB or the matters described in this announcement. To the
fullest extent permitted by applicable law, Evercore and its affiliates
accordingly disclaim all and any responsibility or liability whether arising
in tort, contract or otherwise (save as referred to above) which they might
otherwise have in respect of this announcement, or any statement contained
herein.
Jefferies International Limited ("Jefferies"), which is authorised and
regulated by the FCA in the UK, is acting exclusively as financial adviser to
OXB and no one else in connection with the matters described in this
announcement and will not regard any other person as its client in relation to
the matters in this announcement and will not be responsible to anyone other
than OXB for providing the protections afforded to clients of Jefferies nor
for providing advice in relation to any matter referred to in this
announcement. Neither Jefferies nor any of its affiliates (nor their
respective directors, officers, employees or agents) 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 Jefferies in connection with this announcement, any statement
contained herein or otherwise.
The person responsible for arranging for the release of this announcement on
behalf of OXB is Natalie Walter, Chief Legal Officer and Company Secretary.
UK MAR
The information contained within this announcement is considered by the
Company to constitute inside information as stipulated under the Market Abuse
Regulation (EU) No. 596/2014 as it forms part of 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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