Business
Extension of Rule 2.6 Deadline
Empresaria Group PLC announced an extension to the Rule 2.6 deadline regarding the possible cash offer by Legacy UK Holdings Limited for the entire issued and to be issued share capital of Empresaria at 62 pence per ordinary share. The original deadline of 5:00 pm on September 24, 2025, has been extended by the Panel on Takeovers and Mergers. Legacy now has until 5:00 pm on October 22, 2025, to announce a firm intention to make an offer or state that it does not intend to make an offer. There is no certainty that an offer will be made. Disclaimer*
About this update from Empresaria Group Plc
[{"type":"text","content":"\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 OF SUCH JURISDICTION.\nTHIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.4 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE \"CODE\") AND DOES NOT CONSTITUTE AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE CODE. THERE CAN BE NO CERTAINTY THAT ANY FIRM OFFER WILL BE MADE NOR AS TO THE TERMS ON WHICH ANY FIRM OFFER MIGHT BE MADE.\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION\n24 September 2025\nEmpresaria Group plc\nExtension of Rule 2.6 Deadline\nOn 30 July 2025, Empresaria Group plc (AIM: EMR), the international specialist staffing group (\"Empresaria\" or the \"Company\") announced that it had received a non-binding indicative proposal regarding a possible cash offer by Legacy UK Holdings Limited (\"Legacy\"), for the entire issued and to be issued share capital of Empresaria at a price of 62 pence per ordinary share, payable in cash on completion (the \"Possible Offer\").\nThe Company and Legacy remain in positive discussions concerning the Possible Offer and Legacy's due diligence is progressing. Empresaria has requested, and the Panel on Takeovers and Mergers (the \"Panel\") has consented to, an extension of the current deadline of 5.00 pm on 24 September 2025 by which time Legacy was required to, in accordance with Rule 2.6(a) of the Code, either announce a firm intention to make an offer for the Company under 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.\nAccordingly, in accordance with Rule 2.6(a) of the Code, Legacy is now required, by not later than 5.00 pm on 22 October 2025, to either announce a firm intention to make an offer 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. This revised deadline may only be extended with the consent of the Panel, at Empresaria's request, in accordance with Rule 2.6(c) of the Code.\nThere can be no certainty that an offer will be made.\nThe individual responsible for releasing this announcement is Rhona Dr...