Business
Statement re Possible Offer
Statement re Possible Offer.
About this update from Crest Nicholson Holdings Plc
[{"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 ANNOUNCEMENT CONTAINS INSIDE INFORMATION. \nFor immediate release \n 13 August 2024\n \nCrest Nicholson Holdings plc (\"Crest Nicholson\")\nStatement regarding Possible Offer\n \nThe Board of Crest Nicholson Holdings plc (\"Crest Nicholson\") notes the recent announcement by Bellway p.l.c. (\"Bellway\") confirming that it does not intend to make a firm offer for Crest Nicholson under Rule 2.8 of the Takeover Code.\nAs previously announced, the Board of Crest Nicholson had engaged with Bellway in relation to a possible all-share offer for Crest Nicholson in response to a series of unsolicited proposals from Bellway.\nAs outlined in its half year results on 13 June 2024 for the period ended 30 April 2024, Crest Nicholson remains confident in its standalone prospects, in particular given conclusion of the review of provisions for completed development sites supported by external consultants, its highly attractive land portfolio and the new leadership of Martyn Clark.\nThis announcement has been made without the consent of Bellway.\nThe person responsible for arranging the release of this announcement on behalf of Crest Nicholson is Penny Thomas, Group Company Secretary.\nEnquiries:\n \n\n\n\n\nCrest Nicholson Holdings plc\n\n\n+44 (0) 19 3258 0555\n\n\n\n\nBill Floydd (Group Finance Director)\nJenny Matthews (Head of Investor Relations)\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nTeneo\n\n\n+44 (0) 2...