TIDMFIH
RNS Number : 0172A
FIH Group PLC
21 March 2017
For immediate release
THIS ANNOUNCEMENT IS RESTRICTED AND IS NOT FOR RELEASE,
PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA,
JAPAN, SOUTH AFRICA OR ANY JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.
21 March 2017
FIH Group plc
("FIH" or "the Company")
Appointment of Strand Hanson Limited as joint financial
adviser
The Independent FIH Directors are pleased to announce that they
have, today, appointed Strand Hanson Limited ("Strand Hanson") as
joint financial adviser to the Company, with immediate effect.
Strand Hanson will work with WH Ireland, the Company's existing
Rule 3 Adviser, and the rest of FIH's advisory team, in advising
the Independent FIH Directors with regard to the recommended Offer
from Staunton and the unsolicited and unwelcome approach from
Dolphin, a company ultimately controlled by Mr Eduardo Elsztain (an
Argentinian citizen), and all related matters.
With regard to the Independent FIH Directors' views on the
unsolicited approach from Dolphin, the attention of FIH
Shareholders is drawn to the announcement, released by the Company,
at 1.10 p.m. yesterday.
Defined terms used in this announcement have the same meaning as
in the announcements of 10 February 2017 and 20 March 2017
respectively, except where the context requires otherwise or they
are defined herein.
Enquiries:
FIH Group plc Tel: +44 (0) 1279 461 630
John Foster
WH Ireland Limited Tel: +44 (0) 20 7220 1666
Joint Financial Adviser and Nominated Adviser to FIH
Adrian Hadden
Nick Prowting
Strand Hanson Limited Tel: +44 (0) 20 7409 3494
Joint Financial Adviser to FIH
Simon Raggett
Stuart Faulkner
Matthew Chandler
FTI Consulting Tel: +44 (0) 20 3727 1000
Communications adviser to FIH
Edward Westropp
Eleanor Purdon
This announcement does not constitute an offer to purchase any
securities, or an offer to sell or the solicitation of an offer to
buy any securities, nor shall there be any offer to purchase or
sell securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful.
The release, distribution or publication of this announcement in
jurisdictions other than the UK may be restricted by law and
therefore any persons who are subject to the laws of any
jurisdiction other than the UK should inform themselves about and
observe any applicable requirements.
WH Ireland, which is authorised and regulated in the United
Kingdom by the Financial Conduct Authority, is acting as joint
financial adviser and nominated adviser to FIH and no-one else in
connection with the Offer and other matters referred to in this
announcement and will not be responsible to anyone other than FIH
for providing the protections afforded to clients of WH Ireland or
for providing advice in relation to the Offer, the contents of this
announcement or any other matter referred to herein. Neither WH
Ireland nor any of its affiliates owes or accepts any duty,
liability or responsibility whatsoever (whether direct or indirect,
whether in contract, in tort, under statute or otherwise) to any
person who is not a client of WH Ireland in connection with this
announcement and any statement contained herein or otherwise.
Strand Hanson, which is authorised and regulated in the United
Kingdom by the Financial Conduct Authority, is acting as joint
financial adviser to FIH and no-one else in connection with the
Offer and other matters referred to in this announcement and will
not be responsible to anyone other than FIH for providing the
protections afforded to clients of Strand Hanson or for providing
advice in relation to the Offer, the contents of this announcement
or any other matter referred to herein. Neither Strand Hanson nor
any of its affiliates owes or accepts any duty, liability or
responsibility whatsoever (whether direct or indirect, whether in
contract, in tort, under statute or otherwise) to any person who is
not a client of Strand Hanson in connection with this announcement
and any statement contained herein or otherwise.
In accordance with Rule 30.3 of the Code, you may request a hard
copy of this announcement by contacting the Receiving Agent, Capita
Asset Services, during business hours on +44 (0)371 664 0321 or by
submitting a request in writing to Capita Asset Services at The
Registry, 34 Beckenham Road, Kent, BR3 4TU. It is important that
you note that unless you make a request, a hard copy of this
announcement and any such information incorporated by reference in
it will not be sent to you. You may also request that all future
documents, announcements and information to be sent to you in
relation to the Offer should be sent in hard copy form.
Disclosure requirements of the Code
Under Rule 8.3(a) of the Code, any person who is interested in
1% or more of any class of relevant securities of FIH or of any
securities exchange offeror (being any offeror other than an
offeror in respect of which it has been announced that its offer
is, or is likely to be, solely in cash) must make an Opening
Position Disclosure following the commencement of the offer period
and, if later, following the announcement in which any securities
exchange offeror is first identified.
An Opening Position Disclosure must contain details of the
person's interests and short positions in, and rights to subscribe
for, any relevant securities of each of (i) FIH and (ii) any
securities exchange offeror(s). An Opening Position Disclosure by a
person to whom Rule 8.3(a) applies must be made by no later than
3.30 p.m. (London time) on the 10th business day following the
commencement of the offer period and, if appropriate, by no later
than 3.30 p.m. (London time) on the 10th business day following the
announcement in which any securities exchange offeror is first
identified. Relevant persons who deal in the relevant securities of
the offeree company or of a securities exchange offeror prior to
the deadline for making an Opening Position Disclosure must instead
make a Dealing Disclosure.
Under Rule 8.3(b) of the Code, any person who is, or becomes,
interested in 1% or more of any class of relevant securities of the
offeree company or of any securities exchange offeror must make a
Dealing Disclosure if the person deals in any relevant securities
of the offeree company or of any securities exchange offeror. A
Dealing Disclosure must contain details of the dealing concerned
and of the person's interests and short positions in, and rights to
subscribe for, any relevant securities of each of (i) the offeree
company and (ii) any securities exchange offeror(s), save to the
extent that these details have previously been disclosed under Rule
8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies
must be made by no later than 3.30 p.m. (London time) on the
business day following the date of the relevant dealing.
If two or more persons act together pursuant to an agreement or
understanding, whether formal or informal, to acquire or control an
interest in relevant securities of an offeree company or a
securities exchange offeror, they will be deemed to be a single
person for the purpose of Rule 8.3.
Opening Position Disclosures must also be made by the offeree
company and by any offeror and Dealing Disclosures must also be
made by the offeree company, by any offeror and by any persons
acting in concert with any of them (see Rules 8.1, 8.2 and
8.4).
Details of the offeree and offeror companies in respect of whose
relevant securities Opening Position Disclosures and Dealing
Disclosures must be made can be found in the Disclosure Table on
the Takeover Panel's website at www.thetakeoverpanel.org.uk,
including details of the number of relevant securities in issue,
when the offer period commenced and when any offeror was first
identified. You should contact the Panel's Market Surveillance Unit
on +44 (0)20 7638 0129 if you are in any doubt as to whether you
are required to make an Opening Position Disclosure or a Dealing
Disclosure.
Publication on website
In accordance with Rule 30.4 of the Code, a copy of this
announcement will be made available (subject to certain
restrictions relating to persons resident in restricted
jurisdictions) at www.fihplc.com by no later than 12 noon (London
time) on the business day following the release of this
announcement. The content of the website referred to in this
announcement is not incorporated and does not form part of this
announcement.
This information is provided by RNS
The company news service from the London Stock Exchange
END
APPURUORBBAOUUR
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