Marshall Motor Holdings PLC Statement regarding Constellation (8584T)

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RNS Number : 8584T

Marshall Motor Holdings PLC

29 November 2021

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

29 November 2021

For immediate release

Marshall Motor Holdings PLC

("MMH" or the "Company")

Statement regarding Constellation Automotive Holdings Limited

The Board of Marshall Motor Holdings plc, one of the UK's leading automotive retail groups, notes the announcement this morning from Constellation Automotive Holdings Limited of a cash offer of 400 pence per share for the entire issued and to be issued share capital of the Company.

The Board notes from this announcement that Constellation has received an irrevocable undertaking to accept the offer from the Company's 64.4% majority shareholder, Marshall of Cambridge (Holdings) Limited.

The Company will make a further announcement in due course.

The person responsible for arranging the release of this announcement on behalf of the Company is Stephen Jones, the Company Secretary of the Company.

For further information and enquiries please contact:

 
 Marshall Motor Holdings plc                            c/o Hudson Sandler 
 Alan Ferguson, Interim Chairman, Senior         Tel: +44 (0) 20 7796 4133 
  Independent Director 
  Daksh Gupta, Group Chief Executive 
 Richard Blumberger, Chief Financial Officer 
 
 Investec Bank plc (Financial Adviser,           Tel: +44 (0) 20 7597 5970 
  NOMAD & Broker) 
 Christopher Baird 
 David Anderson 
  Ben Farrow 
 
 Hudson Sandler                                  Tel: +44 (0) 20 7796 4133 
 Nick Lyon 
 Bertie Berger 
  Nick Moore

Notes to Editors

About Marshall Motor Holdings plc ( www.mmhplc.com )

The Group's principal activities are the sale and repair of new and used vehicles. Following the Acquisition, the Group's businesses have a total of 164 franchises covering 27 brands, across 37 counties in England and Wales. In addition, the Group operates 10 trade parts specialists, seven used car centres, six standalone body shops and one pre delivery inspection centre.

In April 2021 the Group was recognised by the Great Place to Work Institute, being ranked the 12(th) best place to work in the UK (super large company category). This was the eleventh year in succession that the Group has achieved Great Place to Work status.

LEI number: 213800BP3HZWHDWXAY78

This announcement contains inside information. The person responsible for arranging the release of this announcement on behalf of the Group is Stephen Jones, Group Counsel and Company Secretary.

This announcement contains unaudited information based on management accounts and forward-looking statements that are based on current expectations or beliefs, as well as assumptions about future events. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. Forward-looking statements often use words such as anticipate, target, expect, estimate, intend, plan, goal, believe, will, may, should, would, could, is confident, or other words of similar meaning. Undue reliance should not be placed on any such statements because they speak only as at the date of this document and, by their very nature, they are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause actual results, and the Group's plans and objectives, to differ materially from those expressed or implied in the forward-looking statements. There are a number of factors which could cause actual results to differ materially from those expressed or implied in forward-looking statements. The Group undertakes no obligation to revise or update any forward-looking statement contained within this announcement, regardless of whether those statements are affected as a result of new information, future events or otherwise, save as required by law and regulations.

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END

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November 29, 2021 03:32 ET (08:32 GMT)

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