REG - McKay Securities - Delisting and Cancellation of Trading of Shares

Rothschild & Co SCAAnnouncement

09/05/2022 11:00

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RNS Number : 7615K  McKay Securities Plc  09 May 2022

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE
A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

FOR IMMEDIATE RELEASE

9 May 2022

MCKAY SECURITIES PLC

Delisting and Cancellation of Trading of McKay Securities Plc Shares

Further to the announcement made by McKay Securities Plc ("McKay") on 6 May
2022, McKay today announces that, following an application by McKay, the
Financial Conduct Authority has cancelled the listing of McKay Shares on the
premium listing segment of the Official List and the London Stock Exchange has
cancelled the trading of McKay Shares on the London Stock Exchange's main
market for listed securities, in each case with effect from 7:30 a.m. (London
time) today, 9 May 2022.

Unless otherwise defined, capitalised terms used in this announcement (the
"Announcement") shall have the meanings given to them in the circular posted
to McKay Shareholders on 29 March 2022 (the "Scheme Document") in relation to
the recommended cash and share acquisition by Workspace Group PLC for the
entire issued, and to be issued, ordinary share capital of McKay, effected by
means of a Court-sanctioned scheme of arrangement under Part 26 of the
Companies Act 2006 (such scheme of arrangement having become effective on 6
May 2022). Full details of the terms and conditions of the Acquisition and the
Scheme are set out in the Scheme Document. All references to times in this
Announcement are to London, United Kingdom times unless otherwise stated.

 

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Enquiries:

 McKay
 Simon Perkins, Chief Executive Officer                      +44 118 950 2333

 Giles Salmon, Chief Financial Officer
 Rothschild & Co (Sole Financial Adviser to McKay)
 Alex Midgen                                                 +44 20 7280 5000

 Sam Green

 Jake Shackleford
 Stifel Nicolaus Europe Limited (Corporate Broker to McKay)
 Mark Young                                                  +44 20 7710 7600

 Stewart Wallace

 Jack McAlpine
 FTI Consulting (PR Adviser to McKay)
 Dido Laurimore                                              +44 7801 654 424

 Ellie Sweeney

Slaughter and May is acting as legal adviser to McKay in connection with the
Acquisition.

 

 

Important notice

This Announcement is for information purposes only and is not intended to and
does not and is not intended to constitute or form part of any offer or
invitation to purchase, otherwise acquire, subscribe for, sell or otherwise
dispose of, any securities or the solicitation of any vote or approval in
relation to the Acquisition or the Scheme or otherwise, in any jurisdiction in
which such offer, invitation or solicitation is unlawful.

This Announcement does not constitute a prospectus or prospectus-equivalent
document.

Disclaimers

N.M. Rothschild & Sons Limited ("Rothschild & Co"), which is
authorised and regulated by the FCA in the United Kingdom, is acting as
financial adviser exclusively for McKay and no one else in connection with the
matters described in this Announcement and will not be responsible to anyone
other than McKay for providing the protections afforded to clients of
Rothschild & Co nor for providing advice in connection with any matter
referred to herein. Neither Rothschild & Co 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 Rothschild & Co in connection with this Announcement, any
statement contained herein, the Acquisition or otherwise. No representation or
warranty, express or implied, is made by Rothschild & Co as to the
contents of this Announcement.

Stifel, which is authorised and regulated by the FCA in the United Kingdom, is
acting as corporate broker exclusively for McKay and no one else in connection
with the matters set out in this Announcement and will not regard any other
person as its client in relation to such matters and will not be responsible
to anyone other than McKay for providing the protections afforded to clients
of Stifel, nor for providing advice in relation to any matter referred to in
this Announcement.

No person has been authorised to give any information or make any
representations other than those contained in this Announcement and, if given
or made, such information or representations must not be relied upon as having
been authorised by McKay, the McKay Directors or by Rothschild & Co or
Stifel any other person involved in the Acquisition. The publication of this
Announcement shall not, under any circumstances, create any implication that
there has been no change in the affairs of the McKay Group since the date of
this Announcement or that the information in, or incorporated into, this
Announcement is correct as at any time subsequent to its date.

Overseas Shareholders

This Announcement has been prepared for the purposes of complying with English
law, the Takeover Code, the Market Abuse Regulation, the Disclosure Guidance
and Transparency Rules and the Listing Rules and the information disclosed may
not be the same as that which would have been disclosed if this Announcement
had been prepared in accordance with the laws of jurisdictions outside England
and Wales.

Persons who are not resident in the UK should inform themselves of, and
observe, any applicable legal or regulatory requirements of their
jurisdictions. Any failure to comply with the applicable restrictions may
constitute a violation of the securities laws of any such jurisdiction. To the
fullest extent permitted by applicable law, the companies and persons involved
in the Acquisition disclaim any responsibility or liability for the violation
of such restrictions by any person.

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