James Halstead PLC Rule 2.8 Announcement (9313O)
23 May 2018 - 1:58AM
UK Regulatory
TIDMJHD TIDMAIEA
RNS Number : 9313O
James Halstead PLC
22 May 2018
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 UK CITY
CODE ON TAKEOVERS AND MERGERS (THE "CODE")
22 May 2018
James Halstead plc
("James Halstead" or the "Company")
Statement regarding Airea plc ("Airea")
No intention to bid statement
Further to the announcement of 2 May 2018, after careful
consideration, the board of James Halstead confirms that it does
not intend to make an offer for Airea pursuant to Rule 2.7 of the
Code.
This is a statement to which Rule 2.8 of the Code applies.
Under Note 2 on Rule 2.8 of the Code, James Halstead reserves
the right to set the restrictions in Rule 2.8 aside in the
following circumstances:
(a) with the agreement of the board of Airea;
(b) if a third party announces a firm intention to make an offer for Airea;
(c) if Airea announces a "whitewash" proposal (see Note 1 of the
Notes on Dispensations from Rule 9) or a reverse takeover (as
defined in the Code); or
(d) if there has been a material change of circumstances (as
determined by the Panel on Takeovers and Mergers).
Enquiries:
James Halstead plc Tel: 0161
767 2500
Mark Halstead, Chief Executive
Hudson Sandler Tel: 020
7796 4133
Nick Lyon
Panmure Gordon (UK) Limited Tel: 020
(Financial Adviser and Joint Broker 7886 2500
to James Halstead)
Ben Thorne
Andrew Potts
Arden Partners (Joint Broker) Tel: 020
7614 5900
Chris Hardie
Panmure Gordon (UK) Limited, which is authorised and regulated
in the United Kingdom by the Financial Conduct Authority, is acting
exclusively for James Halstead and no one else in connection with
the Possible Offer and will not be responsible to anyone other than
James Halstead for providing the protections afforded to its
clients or for providing advice in relation to the Offer or any
other matters referred to herein.
Publication of this announcement
A copy of this announcement will be made available (subject to
certain restrictions relating to persons resident in restricted
jurisdictions) at www.jameshalstead.com by no later than 12 noon
(London time) on 23 May 2018, being the date following the date of
this announcement.
Additional Information
This announcement is not intended to, and does not, constitute
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, or the solicitation of any
vote or approval in any jurisdiction, pursuant to this announcement
or otherwise. Any offer, if made, will be made solely by certain
offer documentation which will contain the full terms and
conditions of any offer, including details of how it may be
accepted.
The distribution of this announcement in jurisdictions other
than the United Kingdom and the availability of any offer to
shareholders of James Halstead who are not resident in the United
Kingdom may be affected by the laws of relevant jurisdictions.
Therefore any persons who are subject to the laws of any
jurisdiction other than the United Kingdom or shareholders of James
Halstead who are not resident in the United Kingdom will need to
inform themselves about, and observe, any applicable
requirements.
Inside Information
The information contained within this announcement is deemed by
James Halstead to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014. Upon the publication
of this announcement via a Regulatory Information Service, this
inside information is now considered to be in the public
domain.
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 or visit www.rns.com.
END
OUPEASSAALEPEFF
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