Business
Acceleration Statement
Acceleration Statement.
About this update from Advancedadvt Ltd.
[{"type":"text","content":"\n \n \n \n NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.\n \n \n \n \n \n \n \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.\n \n \n \n \n \n \n \n \n \n 8 September\n \n \n 2022\n \n \n \n \n \n \n \n \n \n AdvancedAdvT Limited (\"ADV\")\n \n \n \n \n \n \n \n \n Acceleration Statement\n \n \n \n \n \n \n \n \n • Acceleration Statement: acceptances of ADV's Final Offer must be received by 1.00pm (London time) on the new Unconditional Date 30 September 2022\n \n \n \n \n \n • M&C Saatchi Shareholders have a clear choice with ADV's Final Offer providing higher value and greater deliverability within a shorter timetable than Next Fifteen's final offer\n \n \n \n \n \n \n • ADV had a series of positive meetings during July with the members of the M&C Saatchi Executive Committee. Consequently, ADV believes that the M&C Saatchi Executive Committee is committed to M&C Saatchi's future and looks forward to working with them\n \n \n \n \n \n \n \n \n • ADV and Vin Murria do not support the status quo at M&C Saatchi continuing\n \n \n \n \n \n \n • Greater potential:\n \n \n the ADV board believes that its proposals have greater potential than both NFC and the status quo to deliver faster growth and significant value creation for M&C Saatchi Shareholders and employees\n \n \n \n \n \n \n • Proposed cancellation of the standard listing of ADV Shares on the Official List and proposed admission of ADV Shares to trading on AIM should ADV's Final Offer Succeed\n \n \n \n \n \n \n \n \n \n Acceleration Statement\n \n \n \n \n \n \n \n \n ADV wishes to bring the Final Offer process to a conclusion and offer M&C Saatchi Shareholders a clear choice with ADV's Final Offer providing higher value and greater deliverability within a shorter timetable than NFC's final offer.\n \n \n \n \n \n \n ADV therefore announces that the new Unconditional Date of the Final Offer is 30 September 2022.\n \n \n \n \n \n \n \n \n This is an acceleration statement to which Rule 31.5 of the Code applies (\"Acc...