Business
Extension of PUSU deadline
Extension of PUSU deadline.
About this update from Home Reit Plc
[{"type":"text","content":"\n \n \n \n NOT 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 OR REGULATIONS OF SUCH JURISDICTION\n \n \n \n \n THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE \"CODE\") AND THERE CAN BE NO CERTAINTY THAT ANY FIRM OFFER WILL BE MADE, NOR AS TO THE TERMS ON WHICH ANY OFFER, IF MADE, MAY BE MADE\n \n \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION\n \n \n \n \n FOR IMMEDIATE RELEASE\n \n \n \n \n \n \n \n \n \n 16 March 2023\n \n \n \n \n Home REIT plc\n \n \n \n \n \n \n \n \n \n (\"Home REIT\" or the \"Company\")\n \n \n \n \n \n \n \n \n \n Extension of PUSU deadline\n \n \n \n On 16 February 2023, Home REIT announced that it was considering all strategic options including the possible sale of the Company, and that it had received an unsolicited approach from Bluestar Group Limited (\"Bluestar\") regarding a possible offer (likely to be in cash) for the entire issued share capital of the Company.\n \n \n Discussions with Bluestar remain ongoing at this time. Therefore, in accordance with Rule 2.6(c) of the Code, at the Company's request, the Panel on Takeovers and Mergers (the \"Takeover Panel\") has consented to an extension to the deadline by which Bluestar is required either to announce a firm intention to make an offer for Home REIT 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. Such announcement must now be made by not later than 5.00 p.m. (London time) on 13 April 2023.\n \n \n This revised deadline may be extended further, at the request of the Board of Home REIT and with the consent of the Takeover Panel, in accordance with Rule 2.6(c) of the Code, and the requirement to make an announcement in accordance with Rule 2.6(a) will cease to apply in the circumstances set out in Rule 2.6(b) of the Code (if a firm intention to make an offer for the Company in accordance with Rule 2.7 of the Code is announced by another offeror prior to the deadline).\n \n \n Shareholders should note that there can be no certainty that an offer will ult...