REG - Wheel Topco Limited Restaurant Group PLC - Statement Regarding The Restaurant Group plc

RestaurantAnnouncement

07/11/2023 07:00

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RNS Number : 5620S  Wheel Topco Limited  07 November 2023

STATEMENT REGARDING THE RESTAURANT GROUP PLC

WHEEL TOPCO LIMITED

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

FOR IMMEDIATE RELEASE

7 November 2023

Statement Regarding The Restaurant Group plc ("TRG")

On 26 October 2023, TRG announced that it had received a request from Wheel
Topco Limited ("Wheel Topco"), the owner of PizzaExpress Group Limited ("Pizza
Express"), for diligence information on TRG in accordance with Rule 21.3 of
the Code to enable Wheel Topco to evaluate a possible offer for TRG.

Wheel Topco confirms that, due to market conditions, it does not intend to
make an offer for TRG.

This is a statement to which Rule 2.8 of the Code applies.

Under Note 2 on Rule 2.8 of the Code, Wheel Topco and any person(s) acting in
concert with it reserve the right to set the restrictions in Rule 2.8 aside in
the following circumstances:

(a)        in the event that the offer by Rock BidCo Limited is
withdrawn or lapses, with the agreement of the board of TRG;

(b)        if a third party announces a firm intention to make an offer
for TRG;

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

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

Publication on website

A copy of this announcement will be made available, subject to certain
restrictions relating to persons resident in restricted jurisdictions, on
Pizza Express' website at www.pizzaexpress.com/Investors/Press-Releases.  For
the avoidance of doubt, the contents of that website is not incorporated into
and does not form part of this announcement.

 

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