Business
STATEMENT FROM JD.COM
STATEMENT FROM JD.COM.
About this update from Currys 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.\n \nTHIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE \"CODE\")\n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION\n \nFOR IMMEDIATE RELEASE\n \n15 MARCH 2024\n \nSTATEMENT FROM JD.COM (\"JD.COM\")\nSTATEMENT OF INTENTION NOT TO MAKE AN OFFER FOR CURRYS PLC (\"CURRYS\")\n \n \nFurther to the announcement on 19 February 2024 that JD.com was in the very preliminary stages of evaluating a possible transaction that may include a cash offer for the entire issued share capital of Currys, JD.com today confirms that, following careful consideration, it does not intend to make an offer for Currys.\n \nThis is a statement to which Rule 2.8 of the Code applies.\n \nFor the purposes of Note 2 on Rule 2.8 of the Code, JD.com and any person(s) acting in concert with it reserve the right to make or participate in an offer for Currys (and/or take any other actions which would otherwise be restricted under Rule 2.8 of the Code) within the next six months following the date of this announcement:\n \n(i) with the agreement of Currys' Board;\n \n(ii) following the announcement of a firm intention to make an offer for Currys by or on behalf of a third party;\n \n(iii) following the announcement by Currys of a Rule 9 waiver proposal (as described in Note 1 of the Notes on Dispensations from Rule 9 of the Code) or a reverse takeover (as defined in the Code); or\n \n(iv) where the Takeover Panel has determined that there has been a material change of circumstances.\n \nEnquiries:\n \nGoldman Sachs International Tel: +4420 7774 1000\nAndre Kelleners\nMilan Hasecic\nChris Emmerson\n \nImportant notices\n \nThis announcement is not intended to and does not constitute an offer to buy or the solicitation of an offer to subscribe for o...