REG - Baring PE Asia Fd. 8 RWS Holdings PLC - Statement regarding RWS Holdings plc

RWS HoldingsAnnouncement

16/05/2022 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220516:nRSP5327La&default-theme=true

RNS Number : 5327L  Baring Private Equity Asia Fd. VIII  16 May 2022

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 IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE CITY CODE ON TAKEOVERS
AND MERGERS (THE "CODE")

FOR IMMEDIATE RELEASE

16 May 2022

 

Statement regarding RWS Holdings plc ("RWS")

Further to the announcement made by Baring Private Equity Asia Fund VIII
Limited ("BPEA") on 21 April 2022, BPEA confirms that it does not intend to
make an offer for RWS. This statement is in accordance with Rule 2.8 of the
Code.

BPEA's decision not to proceed at this stage is not a reflection of its views
on the RWS business.

For the purposes of Rule 2.8 of the Code, BPEA, and any person acting in
concert with it, reserves the right to announce or participate in an offer or
possible offer for RWS and/or to take any other action which would otherwise
be restricted under Rule 2.8 of the Code within the 6 months after the date of
this announcement in the following circumstances:

a)  with the agreement of the Board of RWS;

b)  following the announcement by or on behalf of a third party of a firm
intention to make an offer for RWS;

c)  following the announcement by RWS of a proposal for a "whitewash" (as
referred to in Note 1 of the Notes on Dispensations from Rule 9 of the Code)
or for a reverse takeover (as defined in the Code); or

d)  if there has been a material change of circumstances (as determined by
the Panel on Takeovers and Mergers).

 

Rule 26.1 disclosure

In accordance with Rule 26.1 of the Code, a copy of this announcement will be
made available at https://www.bpeasia.com/ (https://www.bpeasia.com/)
 (subject to certain restrictions relating to persons resident in restricted
jurisdictions) by no later than 12 noon (London time) on 17 May 2022 (being
the business day following the date of this announcement). The content of any
website referred to in this announcement is not incorporated into, and does
not form part of, this announcement.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  OFDDGGDUUDBDGDU