Business
Announcement by Dolphin Fund Limited
Announcement by Dolphin Fund Limited.
About this update from Fih Group Plc
[{"type":"text","content":"\n \nRNS Number : 5448Z FIH Group PLC 15 March 2017 \n\n \nFor immediate release\n \nTHIS ANNOUNCEMENT IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, SOUTH AFRICA OR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION. THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION. \n \n15 March 2017 \n \n \nFIH Group plc\n \n(\"FIH\", \"the Company\" or \"the Group\")\n \nAnnouncement by Dolphin Fund Limited\n \nFIH notes the announcement made this morning by Dolphin Fund Limited (\"Dolphin\"). This announcement is reproduced in full below. The Company confirms that it received a letter from Dolphin yesterday requesting certain information.\n \nThis announcement is made without the agreement or approval of Dolphin.\n \n\"15 March 2017\n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.\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 THAT JURISDICTION.\n \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.\n \nDolphin Fund Limited (\"Dolphin\")\nPossible offer for FIH Group plc (\"FIH\")\n \nDolphin announces that it has written to the Board of FIH to request information to enable it to evaluate making a cash offer, at a significant premium to the current offer by Staunton Holdings Limited (\"Staunton\") of 300 pence, for the issued and to be issued share capital of FIH not already owned by Dolphin. \n \nDolphin wishes to enter into a constructive dialogue with FIH and its major shareholder with a view to making a recommended offer in due course. Dolphin is announcing this proposal as a means to encourage and to further this process.\n \nDolphin urges FIH shareholders not to take any action with regard to the offer by Staunton until further notice. \n \nDolphin (together with its associated entities) holds 315,609 ordinary shares in FIH, rep...