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LAPSE OF SEGRO’S OFFER FOR TRITAX EUROBOX PLC
LAPSE OF SEGRO’S OFFER FOR TRITAX EUROBOX PLC.
About this update from Segro Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION\nFOR IMMEDIATE RELEASE\n18 November 2024\nSEGRO PLC (\"SEGRO\")\nLAPSE OF SEGRO'S OFFER FOR TRITAX EUROBOX PLC (\"TRITAX EUROBOX\")\n \nFurther to SEGRO's announcement on 12 November 2024, SEGRO today confirms that its all-share offer for the entire issued and to be issued share capital of Tritax EuroBox (the \"Acquisition\" or \"SEGRO Offer\") has lapsed.\nOn 4 September 2024, the boards of Tritax EuroBox and SEGRO made an announcement pursuant to Rule 2.7 of the City Code that they had reached agreement on the terms of the SEGRO Offer, to be implemented by way of a court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 (the \"SEGRO Scheme\").\nThe SEGRO Scheme was conditional, amongst other things, on SEGRO's Court Meeting and General Meeting (the \"SEGRO Meetings\") being held on or before the 22nd day after 24 October 2024, being the originally expected date of the SEGRO Meetings (or such later date as: (i) SEGRO and Tritax EuroBox may agree; or (ii) (in a competitive situation) SEGRO may specify with the consent of the Panel, and in each case, that the Court may allow (the \"Mini Long Stop Date\")). No such later date was agreed between SEGRO and Tritax EuroBox or specified by SEGRO with the consent of the Panel. The Mini Long Stop Date therefore was 15 November 2024.\nConditions (b)(i) and (b)(ii), as set out in SEGRO Scheme, were not satisfied on or before 15 November 2024. SEGRO has, with effect from this announcement, invoked the Mini Long Stop Date condition of the SEGRO Scheme, and, as such, the SEGRO Scheme has lapsed.\nThis announcement should be read in conjunction with the scheme document in relation to the SEGRO Scheme published on 26 September 2024 (the \"Scheme Document\"). Capitalised terms used but not defined in this announcement have the meanings given to them in the Scheme Document.\nEnquiries:\n\n\n\n\nSEGRO\n\n\n+44 (0) 20 7451 9100\n\n\n\n\nDavid Sleath (Chief Executive)\nSoumen Das (Chief Financial Officer)\nHarry Stokes (Commercial Finance Director)\nClaire Mogford (Head of Investor Relations)\n\n\n \n \n\n\n\n\nUBS (Financial Adviser to SEGRO)\n\n\n+44...