TIDMGPH

RNS Number : 2021S

SAS Shipping Agencies Services Sarl

12 July 2022

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 ANNOUNCEMENT IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE").

FOR IMMEDIATE RELEASE

12 July 2022

Statement regarding Global Ports Holding plc ("GPH")

Further to the announcement made by GPH on 15 June 2022, SAS Shipping Agencies Services Sarl ("SAS"), a wholly-owned indirect subsidiary of Mediterranean Shipping Company S.A. ("MSC"), today confirms that it does not intend to make an offer for GPH.

This is a statement to which Rule 2.8 of the Code applies.

Under Note 2 on Rule 2.8 of the Code, SAS reserves the right to set the restrictions in Rule 2.8 aside in the following circumstances:

   (i)    with the agreement of the board of GPH; 
   (ii)    if a third party announces a firm intention to make an offer for GPH; 

(iii) if GPH announces a Rule 9 waiver proposal (see Note 1 of the Notes on Dispensations from Rule 9) or a reverse takeover (as defined in the Code); and

   (iv)   if there has been a material change of circumstances (as determined by the Takeover Panel). 

Enquiries:

 
 MSC / SAS           +41 22 797 70 00 
 Simone Gardella 
  Luca Del Nunzio 
 

Important notices

In accordance with Rule 26.1 of the Code, a copy of this announcement will be available on MSC's website at www.msc.com. The content of the website referred to in this announcement is not incorporated into and does not form part of this announcement.

This communication is not intended to and does not constitute an offer to buy or the solicitation of an offer to subscribe for or sell or an invitation to purchase or subscribe for any securities or the solicitation of any vote in any jurisdiction.

The distribution of this announcement in jurisdictions outside the United Kingdom may be restricted by law and therefore persons into whose possession this announcement comes should inform themselves about, and observe, such restrictions. Any failure to comply with the restrictions may constitute a violation of the securities law of any such jurisdictions.

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END

OTTBKBBDDBKDCOD

(END) Dow Jones Newswires

July 12, 2022 07:21 ET (11:21 GMT)

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