Business
Announcement of Tender Offer & Posting of Circular
Announcement of Tender Offer & Posting of Circular.
About this update from Colefax Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 2420J\n Colefax Group PLC\n 20 August 2021\n \n \n \n \n NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM THE UNITED STATES OR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.\n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 \n \n \n FOR IMMEDIATE RELEASE\n \n \n Capitalised terms in this announcement, unless otherwise defined, have the same meanings given to them in the Circular published today which is available to view on the Company's website at https://www.colefaxgroupplc.com/\n \n \n 20 August 2021\n \n \n \n \n \n COLEFAX GROUP PLC\n \n \n (\"Colefax\", the \"Group\" or the \"Company\")\n \n \n Announcement of Tender Offer\n \n \n and \n \n \n Posting of Circular\n \n \n \n \n \n \n \n \n The Company is pleased to announce today the launch of a proposed Tender Offer by Peel Hunt to purchase up to 14.0 per cent. of the Company's issued share capital. The Tender Offer is being proposed in line with the authority to purchase Shares on-market that was granted by Shareholders at the Company's 2020 Annual General Meeting held on 19 October 2020.\n \n \n \n \n \n The Company has engaged Peel Hunt to implement the Tender Offer. Pursuant to the Tender Offer, Peel Hunt will purchase, as principal, up to a maximum of 1,263,141 Shares (being 14.0 per cent. of the Company's issued ordinary share capital).\n \n \n \n \n \n The Company has granted a put option to Peel Hunt pursuant to the Repurchase Agreement under which Peel Hunt may require the Company to purchase at the Tender Price the Shares purchased by Peel Hunt pursuant to the Tender Offer. Shares that are purchased from Peel Hunt by the Company will be cancelled.\n \n \n \n \n \n A Circular providing more information in relation to the Tender Offer and setting out the terms and conditions of and the procedure for participating in the Tender Offer, will be posted to Shareholders today.\n \n \n \n \n \n Outline of the Tender Offer\n \n \n \n \n \n The key points to the Tender Offer are as follows:\n \n \n · \n The Tender Offer is for up to 14.0 per cent...