Jtc Plc (JTCPF) Q2 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.571 -- 00:00:05.998 Hello and welcome to the JTC PLC interim results presentation. 00:00:05.998 -- 00:00:08.801 My name is David and I'll be your host for today's event. 00:00:08.801 -- 00:00:11.344 Please note that the event is being recorded. 00:00:11.344 -- 00:00:15.329 For the duration of the presentation your lines will be on listen only, however you will 00:00:15.329 -- 00:00:18.713 have the opportunity to ask questions at the end. 00:00:18.713 -- 00:00:23.179 This can be done using the raise hand feature on the control panel of your screen. 00:00:23.179 -- 00:00:27.444 When we come to answering your question we will invite you to unmute and speak live to 00:00:27.444 -- 00:00:29.782 address our presenters. 00:00:29.782 -- 00:00:34.287 Before we proceed, as you will have seen, JTC is currently in an offer period under the 00:00:34.287 -- 00:00:39.452 UK Takeover Code. As summarised in the company's R&S on 12 September 00:00:39.452 -- 00:00:44.437 regarding possible offers, the Board received three preliminary non-binding proposals 00:00:44.437 -- 00:00:46.759 from Femera in August 00:00:46.759 -- 00:00:51.123 which were considered by the company and its advisors and unanimously rejected by the 00:00:51.123 -- 00:00:56.174 Board. The Board received a fourth revised proposal on 9 September 00:00:56.174 -- 00:01:01.242 and is in early stage discussions with Panera in relation to the possible offer. 00:01:01.242 -- 00:01:05.709 The Board also received two preliminary and non-binding proposals from Warburg Pincus 00:01:05.709 -- 00:01:10.076 in early September, which were considered and unanimously rejected. 00:01:10.076 -- 00:01:14.282 A further proposal has been received and the Board is currently in early stage discussions 00:01:14.282 -- 00:01:18...