Business
Statement regarding press speculation
Statement regarding press speculation.
About this update from Lsl Property Services Plc
[{"type":"text","content":"\n \n \n RNS Number : 8703D\n LSL Property Services\n 24 February 2020\n \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 THAT JURISDICTION \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\"). THERE CAN BE NO CERTAINTY THAT AN OFFER WILL BE MADE. \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.\n \n \n FOR IMMEDIATE RELEASE\n \n \n \n \n \n 24 February 2020\n \n \n Statement regarding press speculation\n \n \n In view of the recent press speculation regarding Countrywide plc (\"Countrywide\") and the announcement by Countrywide, the board of LSL Property Services plc (\"LSL\") confirms that it is in discussions with Countrywide regarding a possible all-share combination. \n \n \n Discussions between Countrywide and LSL are ongoing. At this stage, there can be no certainty that any offer will ultimately be made for Countrywide. \n \n \n LSL reserves the right to introduce other forms of consideration and/or vary the mix or composition of consideration of any offer.\n \n \n Further announcements will be made in due course as appropriate.\n \n \n In accordance with Rule 2.6(a) of the Code, LSL is required, by no later than 5.00 p.m. on 23 March 2020, to do one of the following: (i) announce a firm intention to make an offer for Countrywide in accordance with Rule 2.7 of the Code; or (ii) 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 only be extended with the consent of the Panel in accordance with Rule 2.6(c) of the Code.\n \n \n The person responsible for arranging release of this announcement on behalf of LSL is Sapna B Fitzgerald, Company Secretary.\n \n \n \n \n \n Enquiries: \n \n \n \n \n \n \n \n \n \n LSL Property Services plc\n \n \n \n \n +44 (0)207 382 0360\n \n \n \n \n \n \n Ian Crabb, Group Chief Executive Officer\n \n \n \n \n \n \n \n \n \n Adam Castleton, Group Chief Financial Officer\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Rothschild & Co (F...