Punch Taverns PLC Restructuring Update - Lock-up Agreement (0601L)
July 01 2014 - 5:57AM
UK Regulatory
TIDMPUB
RNS Number : 0601L
Punch Taverns PLC
01 July 2014
PUNCH TAVERNS PLC
Restructuring Update - Lock-up Agreement
Following the announcement by Punch Taverns plc on 26 June on
the restructuring Proposals, Punch confirms that the institutions
comprising the Stakeholder Group referred to in that announcement
have also undertaken, or, in the case of one of the institutions,
is expected to undertake, by entering into a lock-up agreement that
they will not transfer the equity shares or notes covered by the
lock-up agreement save in circumstances where the transferee agrees
to be bound by the terms of the undertaking to support the
Proposals.
1 July 2014
Enquiries: Tel: 01283
501 948
Punch Taverns plc
Steve Dando, Finance Director
Media: Brunswick Tel: 020 7404
5959
Jonathan Glass, Mike Smith
Disclaimer
This announcement is not intended to and does not constitute or
form part of any offer to sell or invitation to purchase, otherwise
acquire, subscribe for, sell or otherwise dispose of, any
securities or the solicitation of any vote or approval in any
jurisdiction pursuant to the proposals set out herein or otherwise,
nor shall it (or the fact of its distribution) form the basis of,
or be relied on in connection with, any contract therefor or be
considered a recommendation that any investor should subscribe for
or purchase or invest in any securities.
The securities referred to herein have not been and will not be
registered under the U.S. Securities Act of 1933 as amended (the
"Securities Act") or under any U.S. state securities laws and may
not be offered or sold within the United States unless any such
securities are registered under the Securities Act or an exemption
from the registration requirements of the Securities Act and any
applicable state laws is available.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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