Senior PLC Response to no intention to bid statement (0024D)
June 24 2021 - 6:00AM
UK Regulatory
TIDMSNR
RNS Number : 0024D
Senior PLC
24 June 2021
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH
JURISDICTION
FOR IMMEDIATE RELEASE
24 June 2021
Senior plc
Response to Lone Star no intention to bid statement
The Board of Senior plc ("Senior" or "the Company") notes the
announcement made by LSF XI Investments, LLC, a company advised by
Lone Star Global Acquisitions, Ltd ("Lone Star") earlier today that
it does not intend to make a firm offer for Senior plc. As a result
of the announcement, Lone Star is bound by the restrictions
contained in Rule 2.8 of the City Code on Takeovers and Mergers
(the "Code").
The Board continues to believe that Senior has a focused and
compelling strategy to achieve growth and create value for
shareholders over the medium-term and remains confident that Senior
is well-positioned to emerge strongly as the recovery continues
across its end-markets.
As indicated in our announcement on 22 June 2021, we intend to
provide a post-close trading update on 9 July 2021. Our interim
results will be announced on 2 August 2021, at which time we will
provide a full market and strategy update. In addition, we intend
to host a capital markets day in October 2021, the theme of which
will be our fluid conveyance and thermal management strategy.
Enquiries:
Senior plc
David Squires - Group Chief Executive Tel: +44 (0)1923
Bindi Foyle - Group Finance Director 775547
Lazard
Financial adviser to Senior Tel: +44 (0)207 187
Richard Shaw / Louise Campbell / James Cliffe 2000
Credit Suisse
Joint corporate broker to Senior Tel: +44 (0)207 888
Antonia Rowan / David Watkins 8888
Jefferies
Joint corporate broker to Senior Tel: +44 (0)207 029
Paul Nicholls / David Genis 8000
Finsbury Glover Hering
Communications adviser to Senior Tel: +44 (0)207 251
James Murgatroyd / Richard Webster-Smith 3801
Important Notices
Lazard & Co., Limited ("Lazard"), which is authorised and
regulated in the United Kingdom by the Financial Conduct Authority,
is acting exclusively as financial adviser to Senior and no one
else in connection with the matters set out in this announcement
and will not be responsible to anyone other than Senior for
providing the protections afforded to clients of Lazard & Co.,
Limited nor for providing advice in relation to the matters set out
in this announcement. Neither Lazard & Co., Limited 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 & Co., Limited in connection with this
announcement, any statement contained herein or otherwise.
Credit Suisse International ("Credit Suisse"), which is
authorised by the Prudential Regulation Authority and regulated by
the Financial Conduct Authority and the Prudential Regulation
Authority in the United Kingdom, is acting as joint corporate
broker exclusively for Senior and for no one else in connection
with the matters set out in this announcement, and will not be
responsible to anyone other than Senior for providing the
protections afforded to clients of Credit Suisse, nor for providing
advice to any other person in relation to the content of this
announcement or any other matter referenced herein. Neither Credit
Suisse nor any of its subsidiaries, branches or 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 Credit Suisse in
connection with this announcement, any statement contained herein
or otherwise.
Jefferies International Limited ("Jefferies"), which is
authorised and regulated in the United Kingdom by the Financial
Conduct Authority, is acting for Senior and no one else in
connection with the matters set out in this Announcement. In
connection with such matters, Jefferies will not regard any other
person as their client, and will not be responsible to any persons
other than Senior for providing the protections afforded to clients
of Jefferies or for providing advice in relation to the contents of
this announcement or any other matter referred to herein. Neither
Jefferies nor any of its subsidiaries, affiliates or branches owes
or accepts any duty, liability or responsibility whatsoever
(whether direct, indirect, consequential, whether in contract, in
tort, under statute or otherwise) to any person who is not a client
of Jefferies in connection with this announcement, in any statement
contained herein or otherwise.
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END
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