Business
Offer Update
AO Ltd, a subsidiary of AO World plc, has confirmed to the Panel on Takeovers and Mergers that it has complied with its post-offer intention statements regarding the acquisition of musicMagpie plc. This confirmation follows the completion of the cash acquisition, which became effective on December 12, 2024, and relates to the closure of the musicMagpie US operation and its Macclesfield site. Disclaimer*
About this update from Ao World Plc
[{"type":"text","content":"\n\n \nTHE FOLLOWING ANNOUNCEMENT IS BEING MADE PURSUANT TO THE REQUIREMENTS OF RULE 19.6(C) OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE \"CODE\").\nFOR IMMEDIATE RELEASE\n12 December 2025\nAO LTD\n(a wholly-owned subsidiary of AO World plc)\nRule 19.6(c) confirmation with respect to post-offer intention statements regarding musicMagpie plc\nAO Ltd (\"AO\") announces that, further to the completion of its recommended cash acquisition of the entire issued and to be issued share capital of musicMagpie plc (now musicMagpie Limited), which was implemented by way of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 which became effective on 12 December 2024 (the \"Acquisition\"), it has duly confirmed in writing to the Panel on Takeovers and Mergers in accordance with the requirements of Rule 19.6(c) of the Code that it has complied with its post-offer intention statements made pursuant to Rules 2.7(c)(viii) and 24.2 of the Code, as set out in the announcement under Rule 2.7 of the Code dated 2 October 2024, the scheme document in connection with the Acquisition dated 28 October 2024, and updated pursuant to Rule 19.6(b) of the Code in the post-offer intention statements announcement dated 30 May 2025 regarding the closure of the musicMagpie US operation and musicMagpie's site in Macclesfield.\nEnquiries:\n\n\n\n\nAO\n\n\n\n\n\n\n\nMark Higgins, Group CFO & COO\n\n\n+44 (0)1204 672400\n\n\n\n\n\n \n\n\n\n\nJefferies International Limited (Financial Adviser and Corporate Broker to AO)\n\n\n+44 (0)20 7029 8000\n\n\n\n\nPhilip Noblet\nThomas Bective\n\n\n\n\n\n\n\n \n\n\n\n\nSodali (PR Adviser to AO)\n \n\n\n+44(0) 20 7250 1446\n \n\n\n\n\nRob Greening\n\n\[email protected]\n\n\n\n\n \n\n","length":4485,"tagName":"div"}]