Business
Update to Placing Timetable
Update to Placing Timetable.
About this update from Castelnau Group Limited
[{"type":"text","content":"\n \n NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY RESTRICTED JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.\n This announcement is an advertisement and does not constitute a prospectus and investors must subscribe for or purchase any shares referred to in this announcement only on the basis of information contained in the Prospectus and not in reliance on this announcement. Copies of the Prospectus, subject to any applicable law, are available for viewing at the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and on the Company's website. This announcement does not constitute, and may not be construed as, an offer to sell or an invitation to purchase investments of any description or a recommendation regarding the issue or the provision of investment advice by any party. No information set out in this announcement is intended to form the basis of any contract of sale, investment decision or any decision to purchase shares in the Company.\n \n 1 March 2023\n \n Castelnau Group Limited\n Update to Placing Timetable\n On 1 February 2023, Castelnau Group Limited (“Castelnau” or the “Company”) published a prospectus (the “Prospectus”) containing details of a proposed Placing to raise proceeds for the Company’s funding obligations in respect of the recommended cash offer for Dignity Plc (“Dignity”) by Yellow (SPC) Bidco Limited (“Bidco”), a newly formed company indirectly owned or controlled by a consortium comprised of joint offerors SPWOne V Limited, Castelnau and Phoenix Asset Management Partners Limited (\"PAMP\"). The Placing is for up to 154,000,000 new Ordinary Shares in the Company and is conditional, inter alia, upon the completion of the Takeover Offer, which is itself subject to the Acceptance Condition and the FCA Change in Control Condition, as defined in the offer document (the “Offer Document”) published by Bidco on 14 February 2023. Pursuant to the Offer Document, the latest date for acceptance of the Offer by Dignity Shareholders is 15 April 2023.\n Due to the interconnected nature of the Placing and the Offer for Dignity, including the acceptance of the Alternative Offers outlined in the Offer Document, the Company, in consultation with Liberum Capital Limited ...