REG-Young & Co's Brew. Offer Update

Young & Co's BreweryAnnouncement

04/03/2025 15:30

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Offer Update

 

THE FOLLOWING ANNOUNCEMENT IS BEING MADE PURSUANT TO THE REQUIREMENTS OF RULE
19.6(C) OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE") WHICH, AMONGST
OTHER THINGS, REQUIRES A PARTY TO AN OFFER TO MAKE AN ANNOUNCEMENT AT THE END
OF A PERIOD OF 12 MONTHS FROM THE DATE ON WHICH AN OFFER PERIOD ENDED
CONFIRMING WHETHER IT HAS TAKEN, OR NOT TAKEN, THE COURSE OF ACTION SET OUT IN
ITS STATED INTENTIONS

FOR IMMEDIATE RELEASE

04 March 2025

Young & Co’s Brewery, P.L.C. ("Young’s")

Rule 19.6(c) confirmation with respect to post-offer intentions regarding The
City Pub Group Plc ("City Pubs")

Young’s announces that, further to the completion of its recommended cash
acquisition of the entire issued and to be issued ordinary share capital of
City Pubs, which was effected by way of a scheme of arrangement under Part 26
of the Companies Act 2006 and which became effective on 04 March 2024, the
Board of Directors of Young’s has duly confirmed in writing to The Panel on
Takeovers and Mergers in accordance with the requirements of Rule 19.6(c) of
the Code that Young’s has complied with its post-offer intention statements
made pursuant to Rules 2.7(c)(viii) and 24.2 of the Code, as originally
detailed in Young’s Rule 2.7 announcement dated 16 November 2023 and the
City Pubs scheme document published on 13 December 2023.

Enquiries:
 Young’s                                        +44 208 875 7000  
 
                                                                
 Simon Dodd, Chief Executive Officer                              
 
                                                                
 Mike Owen, Chief Financial Officer                               
 
                                                                
                                                                  
 J.P. Morgan Cazenove (Sole Financial Adviser)  +44 203 493 8000  
 
                                                                
 James Mitford                                                    
 
                                                                
 Jonty Edwards                                                    
 
                                                                
 Dean Schneider                                                   
 
                                                                
                                                                  
 Peel Hunt (NOMAD and broker)                   +44 203 597 8639  
 
                                                                
 George Sellar                                                    
 
                                                                
 Lalit Bose                                                       
 
                                                                
 Ella Hastings                                                    
 
                                                                
                                                                  
 MHP Communications (Public Relations Adviser)  +44 777 075 3544  
 
                                                                
 Tim Rowntree                                                     
 
                                                                
 Eleni Menikou                                                    
 
                                                                
 Charles Hirst                                                    


Important notices about financial advisers

J.P. Morgan Securities LLC, together with its affiliate J.P. Morgan Securities
plc, which conducts its UK investment banking business as “J.P. Morgan
Cazenove” and which is authorised in the United Kingdom by the Prudential
Regulation Authority (the "PRA") and regulated in the United Kingdom by the
PRA and the FCA, (together, J.P. Morgan Cazenove), is acting as financial
adviser exclusively to Young’s and no one else in connection with the
Acquisition and will not regard any other person as its client in relation to
the Acquisition and will not be responsible to anyone other than Young’s for
providing the protections afforded to clients of J.P. Morgan Cazenove or its
affiliates, nor for providing advice in relation to the Acquisition or any
other matter or arrangement referred to herein.



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Young & Co's Brewery PLC


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