Business
Deadline Extension under Rule 2.6(c) of the Code
Deadline Extension under Rule 2.6(c) of the Code.
About this update from International Workplace Group Plc
[{"type":"text","content":"\n \nRNS Number : 3698V IWG PLC 23 July 2018 \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 OR REGULATIONS OF THAT JURISDICTION.\nTHIS 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\"). THERE CAN BE NO CERTAINTY THAT AN OFFER WILL BE MADE OR AS TO THE TERMS ON WHICH ANY OFFER MIGHT BE MADE.\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.\nFOR IMMEDIATE RELEASE\n \n23 July 2018\nExtension to deadline under Rule 2.6(c) of the Code\nPursuant to the various announcements in relation to the Possible Offers, each of the interested parties were required, by not later than 5.00 p.m. on 21 July 2018, to either announce a firm intention to make an offer for the Company in accordance with Rule 2.7 of the Code or announce that it did not intend to make an offer, in which case the announcement would have been treated as a statement to which Rule 2.8 of the Code applied.\nHaving considered the proposals received and based on discussions to date, the Board of IWG requested that the Panel on Takeovers and Mergers (the \"Panel\") extend the deadline referred to above with respect to each of Starwood, TDR and Terra Firma, in accordance with Rule 2.6(c) of the Code, but not for Prime Opportunities. Accordingly, an extension has been granted by the Panel and each of Starwood, TDR and Terra Firma must, by no later than 5.00 p.m. on 7 August 2018, either announce a firm intention to make an offer for IWG 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. \nThis deadline will only be extended with the consent of the Panel.\nA further announcement will be made when appropriate. There can be no certainty that any offer will be made for the Company, nor as to the terms on which any offer might be made.\nEnquiries:\n\n\n\n\nIWG\nTim Regan, Company Secretary\nWayne Gerry, Group Investor Relations Director\n \n\n\nTel: + 41 (0) 41 723 2353\n\n\n\n\nJ.P. Morgan Cazenove (Lead Financial Adviser and Joint Corporate Broker)\nAlex Watkins\nJames Robinson\n \n\n\nTel: +44...