Helical PLC Statement regarding press speculation (6011B)
10 June 2019 - 4:00PM
UK Regulatory
TIDMHLCL
RNS Number : 6011B
Helical PLC
10 June 2019
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH
JURISDICTION.
10 June 2019 Helical plc
Statement regarding press speculation
The Board of Helical plc ("Helical") notes the recent press
speculation in respect of an approach for the Company.
We can confirm that the Company has in the recent past been in
receipt of more than one unsolicited approach from different
parties. To date all proposals made have been at a significant
discount to the Company's EPRA NAV and therefore in the Board's
view did not reflect the fair value of the Company.
The Board always acts in the best interests of its shareholders
and therefore has been open to engaging with these potential
offerors, including allowing due diligence to be conducted.
At present the Company is not in receipt of an approach pursuant
to Rule 2 of the Takeover Code.
Enquiries:
Helical plc Tel: +44 (0) 20 7629 0113
Gerald Kaye, CEO
Tim Murphy, CFO
J.P. Morgan Cazenove Tel: +44 (0) 20 7742 4000 Bronson Albery,
Kirshlen Moodley, Paul Hewlett, Tara Morrison
Numis Securities Limited Tel: +44 (0) 20 7260 1000
Heraclis Economides, Ben Stoop
FTI Consulting Tel: +44 (0) 20 3727 1000
Dido Laurimore, Richard Sunderland, Richard Gotla
Disclaimer
J.P. Morgan Securities plc, which conducts its UK investment
banking business as J.P. Morgan Cazenove ("J.P. Morgan Cazenove"),
is authorised in the United Kingdom by the Prudential Regulation
Authority (the "PRA") and regulated by the PRA and Financial
Conduct Authority. J.P. Morgan Cazenove is acting as financial
adviser exclusively for Helical and no one else in connection with
the matters set out in this announcement and will not regard any
other person as its client in relation to the matters in this
announcement and will not be responsible to anyone other than
Helical for providing the protections afforded to clients of J.P.
Morgan Cazenove or its affiliates, nor for providing advice in
relation to any matter referred to herein.
Numis Securities Limited, which is authorised and regulated in
the United Kingdom by the Financial Conduct Authority, is acting
for the Company only as joint financial adviser and corporate
broker in connection with the matters described in this
announcement and is not acting for or advising any other person, or
treating any other person as its client, in relation thereto and
will not be responsible for providing the protections afforded to
clients of Numis Securities Limited or advice to any other person
in relation to the matters contained herein.
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
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