Business
Extension to PUSU deadline
Extension to PUSU deadline.
About this update from Newriver Reit Plc
[{"type":"text","content":"\n\nNOT 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 OR REGULATIONS OF THAT JURISDICTION.\nTHIS ANNOUNCEMENT DOES NOT CONSTITUTE 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 ANY FIRM OFFER WILL BE MADE, NOR AS TO THE TERMS ON WHICH ANY FIRM OFFER MIGHT BE MADE.\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION. \n \nFor immediate release \n20 June 2024\n \nCapital & Regional plc\nExtension to PUSU deadline regarding Possible Offer\n \nOn 23 May 2024, the Board of Capital & Regional plc (\"Capital & Regional\" or the \"Company\") confirmed that its majority shareholder Growthpoint Properties Limited (\"Growthpoint\") had received a preliminary expression of interest from NewRiver REIT plc (\"NewRiver\") in relation to a possible offer in cash and shares for the entire issued, and to be issued, share capital of Capital & Regional.\nIn accordance with Rule 2.6(a) of the Code, NewRiver was required, by no later than 5:00 p.m. on 20 June 2024 (the \"PUSU Deadline\"), to either announce a firm intention to make an offer for Capital & Regional 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.\nTo facilitate ongoing discussions with NewRiver, the Company has requested and the Panel on Takeovers and Mergers (the \"Takeover Panel\") has consented to an extension of the PUSU Deadline. Consequently, in accordance with Rule 2.6(c) of the Code, NewRiver is now required, by not later than 5.00 pm on 18 July 2024, to either announc...