Business
Response to announcement
Response to announcement.
About this update from Mothercare Plc
[{"type":"text","content":"\n Response to announcementMothercare plc28 July 2014NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY (IN WHOLE OR IN PART) IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTIONFOR IMMEDIATE RELEASEMothercare plc (\"Mothercare\" or the \"Company\") Announcement by Destination Maternity Corporation (\"Destination Maternity\")The Board of Mothercare (the \"Board\") notes the announcement by Destination Maternity that, in accordance with the requirements of the UK City Code on Takeovers and Mergers (the \"Takeover Code\"), Destination Maternity does not intend to make an offer for Mothercare. The Board also notes that it has had no contact with Destination Maternity since 3 June 2014.As announced in the trading update on 17 July 2014, with the appointment of Mark Newton-Jones as Chief Executive, Mothercare is now fully focused on the Company's plan to turnaround the UK business and to continue its strong International growth. The Board remains confident in the ongoing execution of Mothercare's strategy as an independent company.EnquiriesMothercare plcAlan Parker, Chairman +44 (0) 1923 206 001 Mark Newton-Jones, Chief Executive +44 (0) 1923 694 848 Tim Ashby, Group General Counsel +44 (0) 1923 206 037 Goldman Sachs International (Financial adviser to Mothercare)Anthony Gutman +44 (0) 20 7774 1000Nick HarperMichael CaseyJP Morgan Cazenove (Corporate broker to Mothercare)Luke Bordewich +44 (0) 20 7742 4000Caroline ThomlinsonNumis Securities (Corporate broker to Mothercare)Christopher Wilkinson +44 (0) 20 7260 1000 Rupert KreftingTulchan Communic...