For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231121:nRSU1222Ua&default-theme=true
RNS Number : 1222U Jenzabar, Inc 21 November 2023
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE
OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE
A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION
THIS ANNOUNCEMENT RELATES TO THE RECOMMENDED CASH OFFER FOR TRIBAL GROUP PLC,
TO BE IMPLEMENTED BY SCHEME OF ARRANGEMENT, ANNOUNCED UNDER RULE 2.7 OF THE
TAKEOVER CODE
FOR IMMEDIATE RELEASE
21 November 2023
Jenzabar, Inc.
Acquisition of further shares in Tribal Group plc
Further to its announcement yesterday, Jenzabar, Inc. ("Jenzabar") confirms
that it has agreed to acquire a further 11,663,313 shares in Tribal Group plc
("Tribal"), increasing its aggregate ownership to 56,139,342 shares, which
represents 26.45% of Tribal's issued share capital.
As previously stated, Jenzabar strongly opposes the offer announced by
Ellucian Company L.P. ("Ellucian") on 5 October 2023 to acquire the entire
issued and to be issued share capital of Tribal at 74 pence per share by way
of a scheme of arrangement (the "Ellucian Offer") and will vote all of its
shares against the Ellucian Offer in any general meeting or other shareholder
vote undertaken by Tribal to effect its implementation.
Enquiries:
For further information contact:
Greenhill (Financial Adviser to Jenzabar)
+44 20 7198 7400
Dean Rodrigues
David Wyles
Peel Hunt (Sole Executing Broker to Jenzabar)
+44 20 7418 8900
Richard Chambers
Equity Syndicate - Jock Maxwell Macdonald/ Sohail Akbar
Important notice
Greenhill & Co. International LLP ("Greenhill"), which is authorised and
regulated by the Financial Conduct Authority in the United Kingdom, is acting
as financial adviser exclusively to Jenzabar and no one else in connection
with the matters set out in this announcement and will not be responsible to
anyone other than Jenzabar for providing the protections afforded to clients
of Greenhill or its affiliates, nor for providing advice in relation to any
matter referred to herein.
Peel Hunt LLP ("Peel Hunt"), which is authorised and regulated in the United
Kingdom by the Financial Conduct Authority, is acting as sole executing broker
exclusively for Jenzabar and for no one else in connection with the matters
referred to in this announcement and neither Peel Hunt nor any of its
affiliates will be responsible to anyone other than Jenzabar for providing the
protections afforded to clients of Peel Hunt or for providing advice in
relation to the contents of, or matters referred to in, 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 STRNKDBDOBDKNDB