Business
Statement regarding press article
Statement regarding press article.
About this update from International Workplace Group Plc
[{"type":"text","content":"\n \nRNS Number : 3176S IWG PLC 25 June 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 June 2018\nStatement regarding press article\nThe Board of IWG plc (\"IWG\" or the \"Company\") notes the recent press article and confirms that it has received an approach from Terra Firma Investments Limited (\"Terra Firma\") regarding a possible cash offer for the entire issued and to be issued share capital of the Company (the \"Terra Firma Offer\").\nThe Board is evaluating the Terra Firma Offer with its financial advisers and shareholders will be updated in due course.\nThere 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.\nIn accordance with Rule 2.6(a) of the Code Terra Firma is required, by not later than 5.00 p.m. on 21 July 2018, being 28 days after today's date, 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 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 deadline can be extended with the consent of the Takeover Panel (the \"Panel\") in accordance with Rule 2.6(c) of the Code.\n \nEnquiries:\n\n\n\n\n \nIWG\nTim Regan, Company Secretary\nWayne Gerry, Group Investor Relations Director\n \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 (0) 20 7742 4000\n\n\n\n\nInvestec (Financial Adviser and Joint Corporate Broker)\nJames Rudd\nHenry Reast\n\n\nTel: +44 (0) 20 7597 5970\n\n\n\n\n \nBrunswick\nNick Cosgrove\nDavid Litterick\n\n\n \nTel: +44 (0) 20 7404 5959\n\n\n\n\n \nRule 26.1 disclosure\nIn accordance with Rule 26.1 of the Cod...