Jtc Plc (JTCPF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to the JTC PLC interim results presentation. My name is David and I'll be your host for today's event. Please note that the event is being recorded. For the duration of the presentation your lines will be on listen only, however you will have the opportunity to ask questions at the end. This can be done using the raise hand feature on the control panel of your screen. When we come to answering your question we will invite you to unmute and speak live to address our presenters. Before we proceed, as you will have seen, JTC is currently in an offer period under the UK Takeover Code. As summarised in the company's R&S on 12 September regarding possible offers, the Board received three preliminary non-binding proposals from Femera in August which were considered by the company and its advisors and unanimously rejected by the Board. The Board received a fourth revised proposal on 9 September and is in early stage discussions with Panera in relation to the possible offer. The Board also received two preliminary and non-binding proposals from Warburg Pincus in early September, which were considered and unanimously rejected. A further proposal has been received and the Board is currently in early stage discussions with Warburg Pincus in relation to the possible offer. In respect to these approaches, you will appreciate that management are very restricted in the comments they can make. only commentating on information already in the public domain, and would therefore prefer that most of the questions this morning are focused on the business. Thank you. I will now hand you over to the presenters for today. Good morning. Welcome to the presentation of JTC PLC's interim results for the period ended 30th June 2025. I'm Nigel McCain, the Group CEO, and presenting...