Rule 2.8 Announcement
25/04/2023 13:00
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RNS Number : 4131X WoolOvers Group Ltd 25 April 2023
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR
FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OR REGULATIONS OF THAT 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
25 April 2023
Statement re Unbound Group Plc ("Unbound")
Further to the announcement made on 28 March 2023 in relation to a possible
offer for Unbound by WoolOvers Group Limited ("WoolOvers Group"), WoolOvers
Group, confirms it does not intend to make an offer for Unbound under Rule 2.7
of the Code.
Under Note 2 on Rule 2.8 of the Code, WoolOvers Group, and any person(s)
acting in concert with it, reserve the right to make or participate in an
offer or possible offer for Unbound 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 in the following circumstances:
a) with the agreement of the board of Unbound;
b) following the announcement of a firm intention to make an offer for
Unbound by or on behalf of a third party;
c) following the announcement by Unbound of a Rule 9 waiver proposal (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) where the Panel on Takeovers and Mergers has determined that there has
been a material change of circumstances.
Market Abuse Regulation
The information contained within this announcement would have, prior to its
release, constituted inside information as stipulated under Article 7 of the
Market Abuse Regulation (EU) No.596/2014 as incorporated into UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 (together, "UK MAR").
Upon the publication of this announcement via a regulatory information
service, this inside information will be considered to be in the public
domain. For the purposes of UK MAR, the person responsible for arranging for
the release of this information on behalf of WoolOvers Group is Mike Lester.
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