Apollo Management Holdings, L.P. Statement of Intention Not to Make an Offer (3400Z)
May 15 2023 - 2:00AM
UK Regulatory
TIDMWG.
RNS Number : 3400Z
Apollo Management Holdings, L.P.
15 May 2023
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 SUCH JURISDICTION.
THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE CITY CODE
ON TAKEOVERS AND MERGERS (THE "CODE").
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
FOR IMMEDIATE RELEASE
15 May 2023
Apollo Management Holdings, L.P.
(together with its subsidiaries, "Apollo")
Statement of Intention Not to Make an Offer for John Wood Group
PLC ("Wood")
Further to the announcements made by Apollo and Wood regarding a
possible offer for Wood by Apollo, Apollo confirms, on behalf of
certain investment funds managed by it, that it does not intend to
make an offer for Wood.
This is a statement to which Rule 2.8 of the Code applies.
Accordingly, Apollo and any person(s) acting in concert with it
will, except with the consent of the Panel on Takeovers and Mergers
(the "Panel"), be bound by the restrictions set out in Rule 2.8 of
the Code.
For the purposes of Rule 2.8 of the Code, Apollo (and any
person(s) acting in concert with it) reserves the right to set
aside the restrictions in Rule 2.8 of the Code in any of the
following circumstances: (i) with the agreement of the board of
directors of Wood; (ii) following the announcement by or on behalf
of a third party of a firm intention to make an offer for Wood;
(iii) if Wood announces a Rule 9 waiver proposal (as described in
Note 1 of the Notes on Dispensations from Rule 9 of the Code) or a
reverse takeover (as defined in the Code); or (iv) if there has
been a material change of circumstances (as determined by the
Panel).
Contacts
Apollo
Noah Gunn, Global Head of Investor Relations +1 212 822 0540
Joanna Rose, Global Head of Corporate Communications +1 212 822 0491
----------------
About Apollo
Apollo Global Management, Inc. (together with its subsidiaries,
the "Apollo Group") is a high-growth, global alternative asset
manager. As of 31(st) March 2023, the Apollo Group had
approximately $598 billion of assets under management across its
investment strategies. The Apollo Group's patient, creative,
knowledgeable approach to investing aligns the interests of its
clients, the businesses its funds invest in, their employees and
the communities they impact, to expand opportunity and achieve
positive outcomes. To learn more, please visit www.apollo.com .
Important notices:
This announcement is not intended to and does not constitute an
offer to buy or the solicitation of an offer to subscribe for, sell
or otherwise dispose of, or an invitation to purchase or subscribe
for any securities or the solicitation of any vote in any
jurisdiction whether pursuant to this announcement or
otherwise.
The release, publication or distribution of this announcement in
whole or in part, directly or indirectly, in, into or from
jurisdictions outside the United Kingdom may be restricted by law
and therefore persons in such jurisdictions or into whose
possession this announcement comes should inform themselves about
and observe such restrictions. Any failure to comply with the
restrictions may constitute a violation of the securities law of
any such jurisdiction.
This announcement has been prepared in accordance with English
law and information disclosed may not be the same as that which
would have been prepared in accordance with the laws of
jurisdictions outside England.
The contents of any website referred to in this announcement is
not incorporated in, and does not form part of, this
announcement.
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END
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