REG - Skedda Inc. Smartspace Software - No intention to make an offer for SmartSpace

Smartspace SoftwareAnnouncement

19/02/2024 15:00

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RNS Number : 6542D  Skedda Inc.  19 February 2024

 

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.

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

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.

FOR IMMEDIATE RELEASE.

19 February 2024

No intention to make an offer for SmartSpace

Further to the announcement by Skedda Holdings, Inc ("Skedda") on 12 December
2023 that it had made an approach to the board of SmartSpace Software plc
("SmartSpace"), Skedda announces that it does not intend to make an offer for
SmartSpace under Rule 2.7 of the Code.

This is a statement to which Rule 2.8 of the Code applies. As a result of this
announcement, Skedda will, together with any party acting in concert with it,
be bound by the restrictions contained in Rule 2.8 of the Code.

For the purpose of Rule 2.8 of the Code, Skedda, and any person(s) acting in
concert with it, reserves the right to make or participate in an offer for
SmartSpace (and/or take any other action which would otherwise be restricted
under Rule 2.8 of the Code) within six months of the date of this
announcement:

a)     with the agreement of the board of directors of SmartSpace;

 

b)    if SmartSpace announces a Rule 9 waiver proposal (as described in
Note 1 on Dispensations from Rule 9 of the Code) or a reverse takeover (as
defined in the Code);

 

c)    if there has been a material change of circumstances (as determined
by the Panel on Takeovers and Mergers (the "Panel")); or

 

d)    in such other circumstances as the Panel may permit.

Enquiries:

 Skedda Holdings, Inc.                                            C/O Cavendish Capital Markets
 Mark Gentry

 Cavendish Capital Markets Limited (Financial Adviser to Skedda)  Tel: +44 (0)20 7220 0500
 Marc Milmo / Henrik Persson / George Lawson

 

 

Important information

Cavendish Capital Markets Limited ("Cavendish"), which is authorised and
regulated in the United Kingdom by the Financial Conduct Authority, is acting
as financial adviser exclusively for Skedda 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 the matters in this announcement and will not be
responsible to anyone other than Skedda for providing the protections afforded
to clients of Cavendish nor for providing advice in relation to any matter
referred to herein.

This announcement is not intended to, and does not constitute, an offer to
sell or the solicitation of an offer to subscribe for or buy, or an invitation
to subscribe for or to purchase any securities, or the solicitation of any
vote, in any jurisdiction. This is an announcement under Rule 2.8 of the Code
and does not constitute an announcement of a firm intention to make an offer
under Rule 2.7 of the Code.

The release, publication or 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 such restrictions may
constitute a violation of the securities law of any such jurisdiction.

 

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