Deltic Group (The) Update Announcement (8425T)
October 17 2017 - 8:41AM
UK Regulatory
TIDMRBG
RNS Number : 8425T
Deltic Group (The)
17 October 2017
THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY, AND DOES
NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR
ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE
FOR, ANY SECURITIES.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, IN ANY JURISDICTION WHERE TO DO SO
WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH
JURISDICTION.
17 October 2017
Update Announcement
The Deltic Group Limited and its holding company Ranimul 1
Limited ("Ranimul" and, together with Deltic Group Limited,
"Deltic") notes with interest the announcement by Revolution Bars
Group plc ("Revolution") confirming the lapse of Stonegate's offer
for Revolution following the shareholder vote at the Revolution
court meeting, at which some 53.76% of the Revolution shares that
were voted were cast against the scheme.
As Revolution shareholders will be aware, Deltic released an
announcement of the terms of its possible merger proposal on 5
October 2017 and a possible revised merger proposal on 9 and 10
October 2017 before being required to release a further
announcement on 10 October 2017, which stated that they did not
intend to make a cash offer or merger proposal for Revolution due
to their Rule 2.6 deadline having been reached. That announcement
stated that Deltic was bound by the restrictions in Rule 2.8 of the
Code but had reserved the right in certain circumstances to
announce an offer or whitewash proposal (such as its Revised Merger
Proposal) and take other action which would otherwise be restricted
under Rule 2.8 of the Code within the next six months following the
date of that announcement. Those restrictions do not apply in
circumstances set out in that announcement, including in particular
(a) where the board of directors of Revolution so agrees (following
the lapse of Stonegate's offer), or (b) a third party announces a
firm intention to make an offer for Revolution.
Enquiries
The Deltic Group Limited 01908 544100
Peter Marks, Chief Executive
Bob Brannan, Chairman
Ranimul 1 Limited 01908 544100
Lawrence McGreal
Stifel Nicolaus Europe Ltd
(Financial Advisor to Deltic) 020 7710 7600
Tim Medak
Robin Mann
Peter Lees
Anthony Ledeboer
Hudson Sandler (Public Relations
Advisor to Deltic) 020 7796 4133
Nick Lyon
Lucy Wollam
IMPORTANT NOTICE
This announcement is not intended to, and does not, constitute,
represent or form part of any offer, invitation or 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 or regulation and
therefore any person who comes into possession of this announcement
should inform themselves about, and comply with, such restrictions.
Any failure to comply with such restrictions may constitute a
violation of the securities laws or regulations of any such
relevant jurisdiction.
Stifel, which is authorised and regulated in the United Kingdom
by the Financial Conduct Authority, is acting as financial adviser
and broker exclusively for Ranimul and Deltic and no one else in
connection with the matters set out in this announcement and will
not regard any other person as its client in relation to the
matters in this announcement and will not be responsible to anyone
other than Deltic for providing the protections afforded to clients
of Stifel, nor for providing advice in relation to any matter
referred to herein.
In accordance with Rule 26.1 of the Code, a copy of this
announcement will be available at www.delticgroup.co.uk by no later
than 12 noon (London time) on 18 October 2017. The content of the
website referred to in this announcement is not incorporated into
and does not form part of this announcement.
This information is provided by RNS
The company news service from the London Stock Exchange
END
OUPFMMMGZNVGNZM
(END) Dow Jones Newswires
October 17, 2017 08:41 ET (12:41 GMT)
Revolution Bars (LSE:RBG)
Historical Stock Chart
From Apr 2024 to May 2024
Revolution Bars (LSE:RBG)
Historical Stock Chart
From May 2023 to May 2024