REG - Macquarie Infra & RA Renewi PLC - Statement Of Intention Not To Make An Offer

RenewiAnnouncement

26/10/2023 13:30

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RNS Number : 4412R  Macquarie Infra.& Real Assets Ltd.  26 October 2023

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, 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 FALLING UNDER RULE 2.8 OF THE CITY CODE ON TAKEOVERS
AND MERGERS (THE "CODE").

 

THIS IS AN ANNOUNCEMENT PURSUANT TO THE PROVISIONS OF SECTION 4 PARAGRAPH 1
AND SECTION 7 PARAGRAPH 1 SUB B OF THE DECREE ON PUBLIC TAKEOVER BIDS (BESLUIT
OPENBARE BIEDINGEN WFT) OF THE NETHERLANDS. THIS ANNOUNCEMENT DOES NOT
CONSTITUTE AN OFFER, OR ANY SOLICITATION OF AN OFFER, TO BUY OR SUBSCRIBE FOR
ANY SECURITIES.

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

 

FOR IMMEDIATE RELEASE

 

26 October 2023

 

Macquarie Asset Management - on or behalf of one or more of its managed funds
- ("Macquarie")

 

Statement of Intention Not to Make an Offer for Renewi Plc ("Renewi")

 

Further to the announcements made by Macquarie and Renewi regarding a possible
offer for Renewi, Macquarie confirms that, following multiple attempts to
engage with Renewi's Board, including a revised proposal, all of which were
rejected, it does not feel it is in an informed position to make an offer for
Renewi. Accordingly, Macquarie is bound by the restrictions under Rule 2.8 of
the Code. For this reason, Macquarie will also not make a request to the Dutch
Authority for the Financial Markets (Stichting Autoriteit Financiële Markten)
(the "AFM") to approve an offer document related to an offer for Renewi.

Macquarie reserves the right to set the restrictions in Rule 2.8 of the Code
aside in the following circumstances:

(i)   with the agreement of the Board of Renewi;

(ii)  if a third party announces a firm intention to make an offer for
Renewi;

(iii) if Renewi announces a Rule 9 waiver proposal (see Note 1 on the Notes on
Dispensations from Rule 9 of the Code) or a reverse takeover (as defined in
the Code); and/or

(iv) if there has been a material change of circumstances (as determined by
the Takeover Panel).

 

Macquarie is also subject to the restrictions under section 7 of the Decree on
Public Takeover Bids (Besluit openbare biedingen Wft) of the Netherlands,
subject to any dispensations that may be granted by the AFM.

 

Enquiries:

 

 Macquarie Group                                    +44 20 3037 4014

 Helena Slater

 Citigate Dewe Rogerson (PR Adviser to Macquarie)
 Toby Moore                                         +44 7768 981 763

 Caroline Merrell                                   +44 7852 210 329

 Jos Bieneman                                       +44 7834 336 650

 

Rule 26.1 Disclosure

In accordance with Rule 26.1 of the Code, a copy of this announcement will be
available at
https://www.macquarie.com/au/en/about/company/macquarie-asset-management.html,
by no later than 12 noon (London time) on the business day following this
announcement. The content of the website referred to in this announcement is
not incorporated into and does not form part of this announcement.

 

Further Information

This communication 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
communication in whole or in part, directly or indirectly, in, into or from
certain jurisdictions may be restricted by law and therefore persons in such
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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.

 

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