Business
Extension of PUSU Deadline
Extension of PUSU Deadline.
About this update from Carclo Plc
[{"type":"text","content":"\n \nRNS Number : 4098V Carclo plc 23 July 2018 \n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION 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\n \nTHIS ANNOUNCEMENT DOES NOT CONSTITUTE AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE \"CODE\"). THERE CAN BE NO CERTAINTY THAT AN OFFER WILL BE MADE OR AS TO THE TERMS ON WHICH ANY OFFER MIGHT BE MADE\n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR IMMEDIATE RELEASE\n23 July 2018\nExtension to deadline under Rule 2.6(c) of the Code\n \nOn 2 July 2018, Carclo plc (\"Carclo\") announced that it had rejected a proposal regarding a possible offer from Consort Medical Plc (\"Consort\").\n \nIn accordance with Rule 2.6(a) of the Code, Consort was required, by no later than 5.00 p.m. on 30 July 2018, to either announce a firm intention to make an offer for Carclo in accordance with Rule 2.7 of the Code or announce that it did not intend to make an offer, in which case the announcement would have been treated as a statement to which Rule 2.8 of the Code applies.\n \nOn 13 July 2018 Consort submitted a revised proposal. Discussions regarding this proposal are ongoing. \n \nIn accordance with Rule 2.6(c) of the Code, the Board of Carclo requested that the Panel on Takeovers and Mergers (the \"Panel\") extend the deadline referred to above to enable the parties to continue their discussions regarding the revised proposal. \n \nAccordingly, an extension has been granted by the Panel and Consort must, by no later than 5.00 p.m. on 13 August 2018, either announce a firm intention to make an offer for Carclo in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. \n \nThis deadline will only be extended with the consent of the Panel. \n \nA further announcement will be made when appropriate. \n \nThere can be no certainty that any offer will be made for Carclo, nor as to the terms on which any offer might be made.\n \nThe person responsible for arranging the release of this announcement on behalf of Carclo is Richard\nOttaw...