Restore PLC Response to Marlowe no intention to bid statement (1285I)
August 10 2021 - 2:26AM
UK Regulatory
TIDMRST
RNS Number : 1285I
Restore PLC
10 August 2021
STATEMENT RE POSSIBLE OFFER
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION
WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR
REGULATIONS OF THAT JURISDICTION
FOR IMMEDIATE RELEASE
10 August 2021
Restore plc
Response to Marlowe no intention to bid statement
The Board of Restore plc ("Restore") notes the announcement by
Marlowe plc ("Marlowe") earlier today that it does not intend to
make a firm offer for Restore. As a result of the announcement,
Marlowe is bound by the restrictions contained in Rule 2.8 of the
City Code on Takeovers and Mergers.
Martin Towers, Non-Executive Chairman of Restore, said:
"We have made significant strategic progress in 2021, alongside
a sustained recovery from the impact of the pandemic, becoming a
larger, stronger and growing business. We were delighted to have
received such strong support from our shareholders through this
process and are committed to generating sustainable long-term value
for them and all of our stakeholders, through the continued
delivery of our strategy."
The person responsible for arranging the release of this
announcement on behalf of Restore is Sarah Waudby, Company
Secretary.
Enquiries
R estore plc www.restoreplc.com
Charles Bligh, CEO
Neil Ritchie, CFO +44 20 7409 2420
www.cfg.com
Canaccord Genuity Limited (Financial Adviser
to Restore)
Chris Robinson / Edward Halfon +44 20 7523 8000
Peel Hunt LLP (Nominated Adviser and Broker) www.peelhunt.com
Mike Bell / Ed Allsopp +44 20 7418 8900
Buchanan Communications (Media Relations) www.buchanan.uk.com
Charles Ryland / Vicky Hayns / Tilly Abraham +44 20 7466 5107
Disclaimer
Canaccord Genuity Limited, which is authorised and regulated in
the United Kingdom by the Financial Conduct Authority, is acting
exclusively for Restore and no one else in connection with the
matters set out in this announcement and will not be responsible to
anyone other than Restore for providing the protections afforded to
clients of Canaccord Genuity Limited or for providing advice in
relation to the matters set out in this announcement.
Peel Hunt LLP, which is authorised and regulated in the United
Kingdom by the Financial Conduct Authority, is acting as corporate
broker for Restore and for no one else in connection with the
matters referred to in this announcement and will not be
responsible to anyone other than Restore for providing the
protections afforded to clients of Peel Hunt LLP or for providing
advice in relation to the matters set out in this announcement.
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END
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