AVEVA Group PLC Update re Acquisition and Related Debt Financing (4580G)
25 November 2020 - 8:05PM
UK Regulatory
TIDMAVV
RNS Number : 4580G
AVEVA Group PLC
25 November 2020
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART
IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND,
JAPAN, SINGAPORE, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO
DO SO WOULD BE UNLAWFUL. THIS ANNOUNCEMENT IS FOR INFORMATION
PURPOSES ONLY AND IS NOT AN OFFER OF SECURITIES IN ANY
JURISDICTION.
25 November 2020
AVEVA GROUP PLC
UPDATE REGARDING ACQUISITION AND RELATED DEBT FINANCING
AVEVA Group plc ("AVEVA") announces that, following admission of
the Rights Issue Shares, nil paid, to listing on the premium
segment of the Official List of the FCA and to trading on London
Stock Exchange plc's main market for listed securities as announced
earlier today, it has cancelled the Bridge Facilities made
available to AVEVA for the purpose of the Acquisition under the
Facilities Agreement. As a result of the cancellation, no further
participation fees or commitment fees will be incurred by AVEVA in
relation to the Bridge Facilities.
As regards the Acquisition, regulatory and antitrust approvals
remain on track, as does the timetable for the proposed acquisition
of OSIsoft. AVEVA expects to complete the proposed Acquisition
between late December 2020 and February 2021.
Unless the context otherwise requires, words and expressions
defined in the combined circular and prospectus published by AVEVA
dated 6 November 2020 shall have the same meanings in this
announcement.
Enquiries:
AVEVA Group plc
Matt Springett (Head of Investor Relations)
Tel: +44 7789 818 684
FTI Consulting
PR Adviser to AVEVA
Edward Bridges
Dwight Burden
Tel: +44 20 3727 1017
Important Notices
This announcement is an announcement and not a circular or
prospectus or equivalent document and prospective investors should
not make any investment decision on the basis of its contents.
Nothing in this announcement constitutes an offer of securities for
sale in any jurisdiction.
This announcement contains forward-looking statements, that are
based on current expectations or beliefs, as well as assumptions
about future events. These forward-looking statements can be
identified by the fact that they do not relate only to historical
or current facts. In some cases, forward-looking statements use
words such as "anticipate", "target", "expect", "estimate",
"intend", "plan", "goal", "believe", "will", "may", "should",
"would", "could", "is confident", or other words of similar
meaning.
No undue reliance should be placed on any such statements
because they speak only as at the date of this announcement and, by
their very nature, they are subject to known and unknown risks and
uncertainties and can be affected by other factors that could cause
actual results, and the AVEVA's plans and objectives, to differ
materially from those expressed or implied in the forward-looking
statements. No representation or warranty is made that any
forward-looking statement will come to pass. These statements are
not fact and should not be relied upon as being necessarily
indicative of future results, and readers of this announcement are
cautioned not to place undue reliance on the forward-looking
statements.
This announcement is for informational purposes only and is not
an offer of securities for sale in any jurisdiction where to do so
would be unlawful. Securities may not be offered or sold in the
United States absent registration under the US Securities Act of
1933, as amended (the "US Securities Act"), or an exemption
therefrom. The securities referred to herein have not been and will
not be registered under the US Securities Act or under the
securities laws of any state or other jurisdiction of the United
States, and may not be offered or sold, taken up, resold,
transferred or delivered in the United States except pursuant to an
exemption from, or in a transaction not subject to, the
registration requirements of the US Securities Act and in
accordance with any applicable securities laws of any state or
other jurisdiction of the United States.
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END
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November 25, 2020 04:05 ET (09:05 GMT)
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