TT Electronics PLC Post Offer Intention Statements (6184W)
18 April 2019 - 6:28PM
UK Regulatory
TIDMTTG
RNS Number : 6184W
TT Electronics PLC
18 April 2019
THE FOLLOWING ANNOUNCEMENT IS BEING MADE PURSUANT TO THE
REQUIREMENTS OF RULE 19.6(C) OF THE CITY CODE ON TAKEOVERS AND
MERGERS (THE "CODE"), WHICH, INTER ALIA, REQUIRES A PARTY TO AN
OFFER TO MAKE AN ANNOUNCEMENT AT THE END OF A PERIOD OF 12 MONTHS
FROM THE DATE ON WHICH THE OFFER PERIOD ENDED CONFIRMING WHETHER IT
HAS TAKEN, OR NOT TAKEN, THE COURSE OF ACTION SET OUT IN ITS STATED
INTENTIONS.
18 April 2019
TT ELECTRONICS PLC
Rule 19.6(c) confirmation with respect to stated post-offer
intentions with regard to Stadium Group plc
TT Electronics plc ("TT") announces that, further to the
completion of its recommended cash acquisition of the entire issued
and to be issued share capital of Stadium Group plc, which was
effected by way of a scheme of arrangement under Part 26 of the
Companies Act 2006 on 18 April 2018, it has duly confirmed in
writing to The Panel on Takeovers and Mergers in accordance with
the requirements of Rule 19.6(c) of the Code that TT has complied
with its post-offer statements of intent made pursuant to Rule 24.2
of the Code, as originally detailed in the scheme document
published on 15 March 2018, and as subsequently revised in TT's
announcement of 28 January 2019.
For further information please contact:
TT Electronics plc Tel: +44 (0)1932 825 300
Richard Tyson, Chief Executive Officer
Mark Hoad, Chief Financial Officer
Lynton Boardman, Group General Counsel/Company Secretary
Rothschild & Co (Financial Adviser) Tel: +44 (0)20 7280 5000
Neil Thwaites
Numis (Corporate Broker) Tel: +44 (0) 20 7260 1000
Luke Bordewich
Michael Burke
MHP (PR Adviser) Tel: +44 (0)20 3128 8100
Tim Rowntree
About TT Electronics
TT Electronics is a global provider of engineered electronics
for performance critical applications.
The company operates in industries where there are structural
growth drivers, working with market-leading customers in
industrial, medical, aerospace and defence, and transportation
sectors. Products designed and manufactured include sensors, power
management devices and connectivity solutions. TT has design and
manufacturing facilities in the UK, US, Sweden and Asia.
The company has three divisions. The Sensors and Specialist
Components division works with customers to develop standard and
customised solutions including sensors and power management
devices. Our solutions improve the precision, speed and reliability
of critical aspects of our customers' applications. The Power and
Connectivity division designs and manufactures power application
products and connectivity devices which enable the capture and
wireless transfer of data. We collaborate with our customers to
develop innovative solutions to optimise their electronic systems.
The Global Manufacturing Solutions division provides manufacturing
services and engineering solutions for our product divisions and to
customers that often require a lower volume and higher mix of
different products. We manufacture complex integrated product
assemblies for our customers and provide engineering services
including designing testing solutions and value-engineering.
Important notices relating to financial advisers
N M Rothschild & Sons Limited ("Rothschild & Co"), which
is authorised and regulated by the FCA in the United Kingdom, is
acting exclusively as financial adviser to TT and for no one else
in connection with the matters referred to in this announcement and
will not be responsible to anyone other than TT for providing the
protections afforded to its clients or for providing advice in
relation to the matters referred to in this announcement. Neither
Rothschild & Co, 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 Rothschild & Co in
connection with this announcement, any statement contained herein
or otherwise.
Numis Securities Ltd ("Numis"), which is authorised and
regulated in the United Kingdom by the FCA, is acting solely for TT
as broker and for no one else in relation to the content of this
announcement and other matters described in this announcement, and
will not be responsible to anyone other than TT for providing the
protections afforded to the clients of Numis or for providing
advice to any other person in relation to the content of this
announcement or any other matters described in this
announcement.
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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