Business
Standard annual confirmation of post-offer
Standard annual confirmation of post-offer.
About this update from Melrose Industries Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 1250G\n Melrose Industries PLC\n 25 March 2022\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 \n \n \n 25 March 2022\n \n \n \n \n \n Melrose Industries PLC\n \n \n \n \n \n Regulatory filing: Standard annual confirmation of post-offer undertakings in relation to the acquisition of GKN plc (\"GKN\") by Melrose Industries PLC (\"Melrose\") in compliance with Rule 19.5(h) of the Takeover Code\n \n \n \n \n \n BACKGROUND\n \n \n \n \n \n In relation to the acquisition of GKN by Melrose on 19 April 2018 (the \"Effective Date\"), Melrose has given post-offer undertakings under Rule 19.5 of the Takeover Code (each a \"Post- Offer Undertaking\" and together the \"Post-Offer Undertakings\"), full details of which were set out in an RIS announcement dated 28 March 2018, a copy of which is attached to this report as Appendix A.\n \n \n \n \n \n Pursuant to Rule 19.5(e) of the Takeover Code, Melrose must comply with the terms of the Post-Offer Undertakings for the periods of time specified in the Post-Offer Undertakings and must complete any course of action committed to by the dates specified in the Post-Offer Undertakings.\n \n \n \n \n \n This report is provided in accordance with Rule 19.5(h) of the Takeover Code, pursuant to which Melrose must submit written reports to the Panel at such intervals (of not more than 12 months) as the Panel may require in relation to its compliance with the Post-Offer Undertakings.\n \n \n \n \n \n Unless otherwise defined in this report, capitalised terms in this report shall have the same meanings given to them in the Post-Offer Undertakings.\n \n \n \n \n \n SUBMISSION\n \n \n \n \n \n 1. \n Throughout the period from the Effective Date until 31 December 2021:\n \n \n \n \n \n (a) \n Melrose maintained the Melrose Group headquarters in the UK by Me...