Business
Statement re extension to PUSU deadline
Statement re extension to PUSU deadline.
About this update from Bellway P.l.c.
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.\nTHIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.4 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE \"CODE\") AND DOES NOT CONSTITUTE A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE CODE. THERE CAN BE NO CERTAINTY THAT ANY FIRM OFFER WILL BE MADE.\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION. \nFor immediate release \n 8 August 2024\n \nExtension to PUSU deadline regarding Possible Offer\n \nOn 10 July 2024, Bellway p.l.c. (\"Bellway\") and Crest Nicholson Holdings plc (\"Crest Nicholson\") announced the terms of a possible all-share offer for Crest Nicholson by Bellway, to acquire the entire issued, and to be issued, share capital of Crest Nicholson. Under the terms of this possible offer, Crest Nicholson's shareholders would receive 0.099 shares in Bellway for each share they own in Crest Nicholson and a dividend of 4 pence per Crest Nicholson share comprising the previously announced interim dividend of 1 pence per share (the \"Interim Dividend\") and a special dividend of 3 pence per share conditional on completion of the transaction (the \"Special Dividend\") (together, the \"Possible Offer\").\nIn accordance with Rule 2.6(a) of the Code, Bellway was required, by no later than 5.00 p.m. (London time) on 8 August 2024, to either announce a firm intention to make an offer for Crest Nicholson in accordance with Rule 2.7 of the Code or announce that it did not intend to make an offer, in which case the anno...