River and Mercantile Group PLC Statement Regarding Premier Miton Announcement (2842Y)
January 13 2022 - 2:05AM
UK Regulatory
TIDMRIV TIDMPMI TIDMASTO
RNS Number : 2842Y
River and Mercantile Group PLC
13 January 2022
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION
WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR
REGULATIONS OF SUCH JURISDICTION
THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN ANNOUNCEMENT OF A FIRM
INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE CITY CODE ON
TAKEOVERS AND MERGERS (THE "CODE") AND THERE CAN BE NO CERTAINTY
THAT ANY FIRM OFFER WILL BE MADE
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
LEI: 2138005C7REHURGWHW31
For immediate release
13 January 2022
River and Mercantile Group PLC ("River and Mercantile" or
"RMG")
Statement Regarding Premier Miton Group Plc Announcement
River and Mercantile notes the announcement by Premier Miton
Group Plc. Discussions remain ongoing with AssetCo PLC but, as
previously stated, there can be no certainty that a firm offer will
be made nor as to the terms of any such offer.
As set out in the circular regarding the sale of RMG's Solutions
business to Schroders, the Board's focus is on completing the sale
of Solutions to Schroders, implementing the planned return of
GBP180m to shareholders and developing RMG into a specialist asset
manager. The Board has committed to providing shareholders with a
broad update on its post-sale strategic plan in the Spring.
Enquiries:
River and Mercentile Group PLC +44 (0) 20 3327 5100
Montfort Communications
Gay Collins +44 (0) 7798 626282
Nick Bastin +44 (0) 7931 500066
Lazard +44 (0) 20 7187 2000
Nick Millar
Fenchurch +44 (0) 20 7382 2222
Vincent Bounie
Important information
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.
The distribution of this announcement in jurisdictions outside
the United Kingdom may be restricted by law and therefore persons
into whose possession this announcement comes should inform
themselves about, and observe, such restrictions. Any failure to
comply with the restrictions may constitute a violation of the
securities law of any such jurisdictions.
Communications adviser
Montfort Communications ("Montfort") is acting as financial
public relations adviser to River and Mercantile and no one else in
connection with the matters set out in this announcement. Montfort
does not owe or accept any duty, liability or responsibility
whatsoever (whether direct or indirect, whether in contract, in
tort, under statute or otherwise) to any person in connection with
this announcement, any statement contained herein or otherwise.
Financial advisers
Lazard & Co., Limited ("Lazard"), which is authorised and
regulated in the United Kingdom by the Financial Conduct Authority,
is acting as joint financial adviser to River and Mercantile and no
one else in connection with the matters set out in this
announcement and will not be responsible to anyone other than River
and Mercantile for providing the protections afforded to clients of
Lazard nor for providing advice in relation to the matters set out
in this announcement. Neither Lazard 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 Lazard
in connection with this announcement, any statement contained
herein or otherwise.
Fenchurch Advisory Partners LLP ("Fenchurch"), which is
authorised and regulated in the United Kingdom by the Financial
Conduct Authority, is acting as joint financial advisers to River
and Mercantile and no one else in connection with the matters set
out in this announcement and will not be responsible to anyone
other than River and Mercantile for providing the protections
afforded to clients of Fenchurch nor for providing advice in
relation to the matters set out in this announcement. Neither
Fenchurch 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 Fenchurch in connection with this
announcement, any statement contained herein or otherwise.
Website
In accordance with Rule 26.1 of the Code, a copy of this
announcement will be available (subject to certain restrictions
relating to persons resident in restricted jurisdictions) on River
and Mercantile's website at www.riverandmercantile.com by no later
than 12 noon (London time) on the business day following the date
of this announcement. The content of this website is not
incorporated into, and does not form part of, this
announcement.
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END
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