Business
Post-offer Intention Statements
Post-offer Intention Statements.
About this update from Shaftesbury Capital Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT IS BEING MADE PURSUANT TO THE REQUIREMENTS OF RULE 19.6(C) OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE \"CODE\") WHICH, INTER ALIA, REQUIRES A PARTY TO AN OFFER TO MAKE AN ANNOUNCEMENT AT THE END OF A PERIOD OF 12 MONTHS FROM THE DATE ON WHICH THE OFFER PERIOD ENDED CONFIRMING WHETHER IT HAS TAKEN, OR NOT TAKEN, THE COURSE OF ACTION SET OUT IN ITS STATED INTENTIONS.\n \nFOR IMMEDIATE RELEASE\n \n6 March 2024\n \nShaftesbury Capital PLC (\"Shaftesbury Capital\")\n \nRule 19.6(c) confirmation with respect to post-offer intention statements regarding Shaftesbury PLC (\"Shaftesbury\")\n \nShaftesbury Capital announces that, further to completion on 6 March 2023 of the recommended all-share merger between Capital & Counties Properties PLC and Shaftesbury, which was implemented by way of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 and became effective on 6 March 2023, it has duly confirmed in writing to The Panel on Takeovers and Mergers in accordance with the requirements of Rule 19.6(c) of the Code that it has complied with the post-offer intention statements made pursuant to Rule 2.7(c)(viii) and Rule 24.2 of the Code, as detailed in its announcement made under Rule 2.7 of the Code on 16 June 2022 and in the scheme document published by Shaftesbury on 7 July 2022.\n \n \nDesna Martin\nGroup Company Secretary\n020 3214 9150\n \n6 March 2024\n \n \nAbout Shaftesbury Capital\nShaftesbury Capital PLC (\"Shaftesbury Capital\") is the leading central London mixed-use REIT and is a constituent of the FTSE-250 Index. Our property portfolio, valued at £4.8 billion at December 2023, extends to 2.9 million square feet of lettable space across the most vibrant areas of London's West End. With a diverse mix of shops, restaurants, cafés, bars, residential and offices, our destinations include the high footfall, thriving neighbourhoods of Covent Garden, Carnaby, Soho and Chinatown, together with holdings in Fitzrovia. Our properties are close to the main West End Underground stations and transport hubs for the Elizabeth Line. Shaftesbury Capital shares are listed on the London Stock Exchange (\"LSE\") (primary) and the Johannesburg Stock Exchange (\"JSE\") (secondary) and the A2X (secondary).\nOur purpose\nInvesting to create thrivi...