Abicad Holding Limited Intention to acquire additional shares of Breedon (5750O)

TIDMBREE

RNS Number : 5750O

Abicad Holding Limited

03 October 2023

THIS IS AN ANNOUNCEMENT TO WHICH RULE 2.8 OF THE TAKEOVER CODE APPLIES. THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION OR DISTRIBUTION IS UNLAWFUL. THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE OR FORM PART OF AN OFFER TO BUY, SELL, ISSUE, ACQUIRE OR SUBSCRIBE FOR, OR THE SOLICITATION OF AN OFFER TO BUY, SELL, ISSUE, ACQUIRE OR SUBSCRIBE FOR, ANY SECURITIES IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR IN ANY OTHER JURISDICTION.

FOR IMMEDIATE RELEASE

03 October 2023

Abicad Holding Limited confirms intention

to acquire additional shares

of Breedon Group plc ("Breedon") - No intention to bid statement

Further to the announcement by Abicad Holding Limited ("Abicad") on 9 March 2023, Abicad announces that it intends to continue to acquire additional ordinary shares of Breedon through market purchases over time.

Abicad currently holds approximately 14.1% of Breedon's total issued share capital. Its current board representative is Amit Bhatia, who is the Non-executive Chairman of Breedon.

As stated in its announcement on 9 March 2023, Abicad intends to hold its shares for investment purposes and confirms that it is not intending to make an offer for Breedon. This is a statement to which Rule 2.8 of the Takeover Code (the "Code") applies.

Rule 2.8 notes

Except with the consent of the Panel on Takeovers and Mergers (the "Takeover Panel"), Abicad is prohibited from announcing an offer or possible offer for Breedon and from taking certain other actions as set out in Rule 2.8 of the Code for a period of six months from the date of this announcement.

Under Note 2 on Rule 2.8 of the Code, Abicad reserves the right to set the restrictions in Rule 2.8 aside in the following circumstances: (a) with the agreement of the Board of Breedon; (b) if a third party announces a firm intention to make an offer for Breedon; (c) if Breedon announces a Rule 9 waiver proposal (see Note 1 of the Notes on Dispensations from Rule 9) or a reverse takeover (as defined in the Code); and (d) if there has been a material change of circumstances (as determined by the Takeover Panel).

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCUPGQCUUPWGAW

(END) Dow Jones Newswires

October 03, 2023 12:30 ET (16:30 GMT)

Breedon (AQSE:BREE.GB)
Graphique Historique de l'Action
De Nov 2024 à Déc 2024