Quarto Group Inc Receipt of Preliminary Approach (3398N)
08 August 2017 - 4:01PM
UK Regulatory
TIDMQRT
RNS Number : 3398N
Quarto Group Inc
08 August 2017
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.
THIS DOES NOT CONSTITUTE AN ANNOUNCEMENT OF AN OFFER FOR THE
COMPANY. THERE CAN BE NO CERTAINTY THAT AN OFFER WILL BE MADE OR AS
TO THE TERMS OF ANY SUCH OFFER.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.
FOR IMMEDIATE RELEASE
THE QUARTO GROUP, INC.
("Quarto" or the "Company" or the "Group")
Receipt of Preliminary Approach
The Board of The Quarto Group, Inc. (LSE: QRT) announces that it
has received an approach to acquire the entire issued and to be
issued share capital of the Company at a price the Board considers
to be attractive and reflective of the inherent value of the
business as a global publishing platform - and hence worthy of due
consideration. Discussions with the bidder are at an early stage
and there can be no certainty that an offer will be made or as to
the terms of any such offer.
The Company has decided not to disclose the identity of the
bidder at this stage, due to the early stage nature of their
interest.
The City Code on Takeovers and Mergers (the "Code") does not
apply to the Company and, as such, the shareholders of the Company
will not be afforded the protections of the Code.
The shareholders of the Company are reminded that the Panel on
Takeovers and Mergers (the "Panel") does not have responsibility,
or jurisdiction, in relation to the Company, and that public
disclosures consistent with the provisions of Rule 8 of the Code
should not be emailed to the Panel.
As at the date of this announcement, the Company confirms that
there are 20,444,550 ordinary shares of US$0.10 each in issue, with
International Securities Identification Number US74772E1001.
Further announcements will be made as appropriate.
The person responsible for making this announcement is Anne
Crompton, Company Secretary.
For further information, please contact:
The Quarto Group
Marcus Leaver, Chief Executive Officer
Dorothée de Montgolfier, Group 020 7700
Director of Communications 9002
Stockdale Securities Limited 020 7601
(Lead Financial Adviser and broker) 6100
Daniel Harris
Andy Crossley
El Hanan Lee
Liberum Capital Limited (Joint Financial
Adviser)
Neil Patel 020 3100
Cameron Duncan 2000
Stockdale Securities Limited, which is authorised and regulated
in the United Kingdom by the Financial Conduct Authority, is acting
exclusively as lead financial adviser to The Quarto Group and no
one else in relation to the possible offer and will not be
responsible to anyone other than The Quarto Group for providing the
protections afforded to the clients of Stockdale Securities Limited
or for providing advice in relation to the possible offer or in
relation to the contents of this announcement or any transaction or
arrangement referred to herein. Neither Stockdale Securities
Limited, nor any of its subsidiaries, branches or 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
Stockdale Securities Limited in connection with the possible offer
or contents of this announcement or any transaction or arrangement
referred to herein.
Liberum Capital Limited, which is authorised and regulated in
the United Kingdom by the Financial Conduct Authority, is acting
exclusively for The Quarto Group as joint financial adviser and no
one else in relation to the possible offer and will not be
responsible to anyone other than The Quarto Group for providing the
protections afforded to the clients of Liberum Capital Limited or
for providing advice in relation to the possible offer or in
relation to the contents of this announcement or any transaction or
arrangement referred to herein. Neither Liberum Capital Limited,
nor any of its subsidiaries, branches or 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 Liberum Capital Limited in
connection with the possible offer or contents of this announcement
or any transaction or arrangement referred to herein.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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