REG - Workspace Grp PLC - Statement regarding McKay Securities plc

WorkspaceAnnouncement

29/03/2022 08:00

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RNS Number : 3645G  Workspace Group PLC  29 March 2022

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A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

 

 

FOR IMMEDIATE RELEASE

 

29 March 2022

 

Workspace Group plc  ("Workspace") statement regarding McKay Securities plc
("McKay")

 

Workspace notes the announcement earlier today regarding a possible competing
offer for McKay by Slate Asset Management L.P. ("Slate"). Workspace also notes
that Slate has not made a proposal to McKay.

 

The directors of McKay today re-iterated their unanimous recommendation of the
Workspace offer as announced on 2 March 2022. The associated scheme circular
was also published today, and the shareholder meetings will be held on 27
April 2022.

 

A further announcement will be made if appropriate.

 

Enquiries:

 

 Workspace Group plc       Tel:  +44 (0) 207 138 3300

 Paul Hewlett

 Clare Marland

 J.P. Morgan Cazenove                 Tel: +44 (0) 207 742 4000

 Matt Smith

 Jonty Edwards

 Paul Pulze

 Finsbury Glover Hering               Tel: +44 (0) 2072 513 801

 Chris Ryall

 Guy Lamming

General information

This announcement is not intended to, and does not, constitute, represent or
form part of any offer, invitation or the solicitation of an offer to
purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any
securities whether pursuant to this announcement or otherwise.

The release, publication or distribution of this announcement in jurisdictions
outside the United Kingdom may be restricted by law or regulation 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 laws or
regulations of any such jurisdiction.

Rule 26.1 disclosure

In accordance with Rule 26.1 of the Code, a copy of this announcement will be
made available at www.workspace.co.uk (subject to certain restrictions
relating to persons resident in restricted jurisdictions) by no later than 12
noon (London time) on 30 March 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.

 

Other information

J.P. Morgan Securities plc, which conducts its UK investment banking business
as J.P. Morgan Cazenove ("J.P. Morgan Cazenove"), is authorised in the United
Kingdom by the Prudential Regulation Authority (the "PRA") and regulated by
the PRA and the Financial Conduct Authority. J.P. Morgan Cazenove is acting as
financial adviser exclusively for Workspace 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 Workspace for providing the protections
afforded to clients of J.P. Morgan Cazenove or its affiliates, or for
providing advice in relation to any matter referred to herein.

 

 

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