REG - Rivr&Merctl Grp Plc Premier Miton Group AssetCo PLC - Statement Regarding Premier Miton Announcement

Premier MitonAnnouncement

13/01/2022 07:10

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RNS Number : 2842Y  River and Mercantile Group PLC  13 January 2022

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 SUCH JURISDICTION

 

THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN ANNOUNCEMENT OF A FIRM INTENTION TO
MAKE AN OFFER UNDER RULE 2.7 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE
"CODE") AND THERE CAN BE NO CERTAINTY THAT ANY FIRM OFFER WILL BE MADE

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

 

LEI: 2138005C7REHURGWHW31

 

For immediate release

 

13 January 2022

 

 

River and Mercantile Group PLC ("River and Mercantile" or "RMG")

Statement Regarding Premier Miton Group Plc Announcement

 

River and Mercantile notes the announcement by Premier Miton Group Plc.
Discussions remain ongoing with AssetCo PLC but, as previously stated, there
can be no certainty that a firm offer will be made nor as to the terms of any
such offer.

As set out in the circular regarding the sale of RMG's Solutions business to
Schroders, the Board's focus is on completing the sale of Solutions to
Schroders, implementing the planned return of £180m to shareholders and
developing RMG into a specialist asset manager.  The Board has committed to
providing shareholders with a broad update on its post-sale strategic plan in
the Spring.

 

 

 

Enquiries:

 

River and Mercentile Group
PLC
+44 (0) 20 3327 5100

 

Montfort
Communications

Gay
Collins
+44 (0) 7798 626282

Nick
Bastin
+44 (0) 7931 500066

 

Lazard
+44 (0) 20 7187 2000

Nick Millar

 

Fenchurch
+44 (0) 20 7382 2222

Vincent Bounie

 

 

Important 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 whether
pursuant to this announcement or otherwise.

 

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

 

Communications adviser

 

Montfort Communications ("Montfort") is acting as financial public relations
adviser to River and Mercantile and no one else in connection with the matters
set out in this announcement. Montfort does not owe or accept any duty,
liability or responsibility whatsoever (whether direct or indirect, whether in
contract, in tort, under statute or otherwise) to any person in connection
with this announcement, any statement contained herein or otherwise.

 

Financial advisers

 

Lazard & Co., Limited ("Lazard"), which is authorised and regulated in the
United Kingdom by the Financial Conduct Authority, is acting as joint
financial adviser to River and Mercantile and no one else in connection with
the matters set out in this announcement and will not be responsible to anyone
other than River and Mercantile for providing the protections afforded to
clients of Lazard nor for providing advice in relation to the matters set out
in this announcement. Neither Lazard nor any of its 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 Lazard in connection with this announcement, any statement
contained herein or otherwise.

 

Fenchurch Advisory Partners LLP ("Fenchurch"), which is authorised and
regulated in the United Kingdom by the Financial Conduct Authority, is acting
as joint financial advisers to River and Mercantile  and no one else in
connection with the matters set out in this announcement and will not be
responsible to anyone other than River and Mercantile  for providing the
protections afforded to clients of Fenchurch nor for providing advice in
relation to the matters set out in this announcement. Neither Fenchurch nor
any of its 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 Fenchurch in
connection with this announcement, any statement contained herein or
otherwise.

 

Website

 

In accordance with Rule 26.1 of the Code, a copy of this announcement will be
available (subject to certain restrictions relating to persons resident in
restricted jurisdictions) on River and Mercantile's website at
www.riverandmercantile.com by no later than 12 noon (London time) on the
business day following the date of this announcement. The content of this
website is not incorporated into, and does not form part of, this
announcement.

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