MOSB.L

Moss Bros Group Plc
Moss Bros Group - Response to appeal of the Panel Executive’s ruling
22nd May 2020, 06:00
TwitterFacebookLinkedIn
To continue viewing RNS, please confirm that you are a Private Investor*

* A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:

  1. Obtains access to the information in a personal capacity;
  2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
  3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
  4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
  5. Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
  6. Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
RNS Number : 6874N
Moss Bros Group PLC
22 May 2020
 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION 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.

 

 

22 May 2020

 

Moss Bros Group plc

 

Response to appeal of the Panel Executive's ruling

 

On 19 May 2020, the Takeover Panel Executive (the "Panel Executive") announced that it had ruled that Brigadier Acquisition Company Limited ("Brigadier") should not be permitted to invoke any of conditions 2(c)(viii), 2(g)(xiv), 2(h)(i) and 2(h)(iv) to its offer for Moss Bros (the "Ruling") and that Brigadier had been given a short period of time in which to decide whether to request a review of the Ruling by the Hearings Committee of the Takeover Panel.

 

The Board of Moss Bros Group plc ("Moss Bros" or the "Company") notes the subsequent announcement by the Panel Executive that Brigadier has requested a review of its Ruling. The outcome of the review will be announced in due course.

 

Moss Bros will seek to ensure that its position (as accepted by the Panel Executive) - that Brigadier has not established that the relevant requirements of the Takeover Code have been met and that Brigadier should not be permitted to invoke the relevant conditions in order to lapse its offer for Moss Bros - is confirmed.

 

The Company will make further announcements as appropriate.

 

 

Enquiries:




Moss Bros

Via Buchanan

Colin Porter, Chairman


Brian Brick, CEO


Bill Adams, CFO


   


Peel Hunt LLP (Lead Financial Adviser and Rule 3 Adviser to Moss Bros)

Tel:  020 7418 8900

George Sellar


Michael Nicholson




Rothschild & Co (Joint Financial Adviser to Moss Bros)

Tel:  020 7280 5000

John Byrne


Andrew Graham




Buchanan (Financial PR Adviser to Moss Bros)

Tel:  020 7466 5000

Charles Ryland




Important notices

 

Peel Hunt LLP ("Peel Hunt"), which is authorised and regulated in the United Kingdom by the FCA, is acting exclusively for Moss Bros and no-one else in connection with the matters set out in this announcement, and will not be responsible to anyone other than Moss Bros for providing the protections afforded to clients of Peel Hunt or for providing advice in connection with the Offer or any matter or arrangement referred to herein.

 

N.M. Rothschild & Sons Limited ("Rothschild & Co"), which is authorised and regulated by the FCA in the United Kingdom, is acting exclusively for Moss Bros and for no one else in connection with the Offer and will not be responsible to anyone other than Moss Bros for providing the protections afforded to its clients or for providing advice in connection with the Offer.

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
OUPBFLLLBELLBBF ]]>
TwitterFacebookLinkedIn