TIDMSKY
RNS Number : 8929R
Sky PLC
19 June 2018
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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
For immediate release 19th June 2018
Sky plc ("Sky")
Response to Secretary of State written statement regarding 21st
Century Fox ("21CF")
Sky welcomes today's written ministerial statement by the
Secretary of State for Department for Digital, Culture, Media and
Sport ("Secretary of State") regarding 21CF's offer for Sky.
The Secretary of State has said that the revised undertakings
offered by 21CF and Disney successfully meet the criteria he set
out to Parliament on 5 June 2018 to address the concerns raised by
the Competition and Markets Authority in respect of media
plurality. The Secretary of State has confirmed that the
undertakings are now in a form he proposes to accept.
As required under Schedule 10 of the Enterprise Act 2002, there
will be a short period of public consultation on these agreed final
undertakings. This statutory consultation period will end on 4 July
2018, following which the Secretary of State is expected to make a
final decision.
As 21CF has received all other competition and regulatory
approvals in relation to its offer for Sky, the UK approval process
remains the only outstanding pre-condition prior to 21CF's offer
being put to Sky shareholders. A further announcement will be made
as and when appropriate.
Enquiries:
Analysts/Investors
Robert Kingston +44 (0) 20 7032 3726
Media
Gavin Davis +44 (0) 20 7032 7115
Publication of this announcement
A copy of this announcement will be available at
www.skygroup.sky/corporate/investors/offers-for-sky by no later
than 12 noon (London time) on the business day following the date
of this announcement.
Neither the contents of Sky's website nor the contents of any
website accessible from hyperlinks on Sky's website are
incorporated into or form part of this announcement.
Additional Information
The release, publication or distribution of this announcement in
certain jurisdictions may be restricted by law. Persons who are not
resident in the United Kingdom or who are subject to the laws of
other jurisdictions should inform themselves of, and observe, any
applicable requirements. Any failure to comply with applicable
requirements may constitute a violation of the securities law of
any such jurisdiction.
This announcement is not intended to, and does not, constitute
or form part of any offer, invitation or the solicitation of an
offer to purchase, otherwise acquire, subscribe for, sell or
otherwise dispose of, any securities whether pursuant to this
announcement or otherwise.
Forward-looking statements
This announcement may contain certain forward-looking
statements, within the meaning of Section 21E of the US Exchange
Act and Section 27A of the US Securities Act of 1933, as amended,
with respect to the businesses and operations of 21CF, Comcast or
Sky and certain plans and objectives of 21CF, Comcast or Sky with
respect thereto. These forward-looking statements can be identified
by the fact that they do not relate to historical or current facts.
Forward-looking statements also often use words such as
"anticipate", "target", "expect", "estimate", "intend", "plan",
"goal", "believe", "hope", "aims", "continue", "will", "may",
"should", "would", "could", or other words of similar meaning.
Forward-looking statements (including those relating to the
consummation of any offer and the anticipated benefits thereof) by
their nature address matters that are, to different degrees,
uncertain. These and other forward-looking statements, including
statements regarding the failure to consummate any offer or to make
or take any action required to consummate any offer in a timely
manner or at all, are not guarantees of future results and are
subject to risks, uncertainties, assumptions and other factors that
could cause actual results to differ materially from those
expressed in any such forward-looking statements. In addition to
the information regarding these risks, uncertainties, assumptions
and other factors set forth in the public filings made by Sky and
the public filings with the US Securities and Exchange Commission
made by 21CF and Comcast, important risk factors that may cause
such a difference include, but are not limited to, (i) the
completion of any offer on anticipated terms and timing, (ii) the
ability to integrate the businesses successfully and to achieve
anticipated benefits, (iii) the risk that disruptions from any
offer will harm Sky's, 21CF's or Comcast's businesses, (iv)
legislative, regulatory, economic, political and market
developments and (v) unpredictability and severity of catastrophic
events, including, but not limited to, acts of terrorism or
outbreak of war or hostilities. While the list of factors presented
here is considered representative, no such list should be
considered to be a complete statement of all potential risks and
uncertainties. Unlisted factors may present significant additional
obstacles to the realisation of forward-looking statements.
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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