ReThink Group (The) PLC Statement re Possible Offer for Nakama Group (9147Z)
February 12 2014 - 8:00AM
UK Regulatory
TIDMRTG TIDMNAK
RNS Number : 9147Z
ReThink Group (The) PLC
12 February 2014
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, IN, INTO OR FROM, ANY RESTRICTED JURISDICTIONS OR ANY OTHER
JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OF SUCH JURISDICTION.
THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE CITY CODE
ON TAKEOVERS AND MERGERS.
No intention to make an offer for Nakama Group PLC
("Nakama")
On 22 January 2014, in response to a leak, Nakama announced that
it was in preliminary discussions with two parties, Talent
International Holdings Pty. Limited and The Rethink Group plc
("Rethink"), which may or may not lead to an offer being made for
Nakama.
In accordance with Rule 2.6(a) of the City Code on Takeovers and
Mergers (the "Code"), Rethink was then required, by not later than
5:00 pm on 19 February 2014, to either announce a firm intention to
make an offer for Nakama under Rule 2.7 of the Code or announce
that it does not intend to make an offer for Nakama, in which case
the announcement will be treated as a statement to which Rule 2.8
of the Code applies.
The preliminary discussions referred to above were at a very
early stage and have not progressed since. Accordingly, the board
of Rethink has concluded that it does not intend to make an offer
for Nakama.
As a result of this announcement, Rethink will, except with the
consent of the Takeover Panel, be bound by the restrictions
contained in Rule 2.8 of the Code. For the purposes of Rule 2.8 of
the Code, Rethink reserves the right to make or participate in an
offer for Nakama (and/or take any other action which would
otherwise be restricted under Rule 2.8 of the Code) within the next
six months following the date of this announcement in the
circumstances set out in Note 2 on Rule 2.8 of the Code.
For further information please contact:
Rethink Group plc
Steve Wright, CEO 07836 226902
Shore Capital
Bidhi Bhoma/Edward Mansfield 0207 408 4090
Newgate Threadneedle
John Coles/Fiona Conroy 020 7653 9850
This information is provided by RNS
The company news service from the London Stock Exchange
END
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