REG - Oxford Instruments - Response to Spectris plc no intention to bid stmt

Oxford InstrumentsAnnouncement

07/03/2022 07:16

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RNS Number : 7809D  Oxford Instruments PLC  07 March 2022

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07 March 2022

Oxford Instruments plc

Response to Spectris plc no intention to bid statement

The Board of Oxford Instruments plc ("Oxford") notes the announcement made by
Spectris plc earlier today that it does not intend to make a firm offer for
Oxford.

The proposal was unsolicited and the Board continues to believe that Oxford
has a clear and compelling strategy to achieve growth and create value for
shareholders over the medium-term.

Enquiries:

 

 Oxford Instruments                                                           Tel: 018 6539 3200
 Ian Barkshire, Chief Executive
 Gavin Hill, Group Finance Director

 J.P. Morgan Cazenove (Sole Financial Adviser and Corporate Broker to Oxford  Tel: 020 7742 4000
 Instruments)
 Richard Perelman
 James Robinson

 Mayank Chaturvedi

Disclaimer

J.P. Morgan Securities plc, which conducts its UK investment banking business
as J.P. Morgan Cazenove ("J.P. Morgan Cazenove"), is authorised in the United
Kingdom by the Prudential Regulation Authority (the "PRA") and regulated in
the United Kingdom by the PRA and the Financial Conduct Authority. J.P. Morgan
Cazenove is acting as financial adviser and corporate broker exclusively for
Oxford Instruments and no one else in connection with the Proposal and will
not regard any other person as its client in relation to the Proposal and will
not be responsible to anyone other than Oxford Instruments for providing the
protections afforded to clients of J.P. Morgan Cazenove or its affiliates, nor
for providing advice in relation to the Proposal or any matter or arrangement
referred to herein.

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