Extension of PUSU deadline
Providence and Epiris consortium given extension to 8 July 2026 to announce firm offer intention or withdraw.
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On 13 May 2026, the Board of Gamma announced that the Company was in discussions with Providence Equity Partners L.L.C. ("Providence") in the context of the announcement made by Gamma on 7 April 2026.
On 15 May 2026, Gamma announced that it was also in discussions with Epiris LLP ("Epiris") in the same context.
Providence and Epiris have since confirmed to Gamma that they have formed a consortium for the purposes of a possible offer for Gamma (the "Providence / Epiris Consortium").
In accordance with Rule 2.6(a) of the Code, Providence was required, by no later than 5:00 p.m. on 10 June 2026 (the "Providence Deadline"), and Epiris was required, by no later than 5:00 p.m. on 12 June 2026 (the "Epiris Deadline"), to either announce a firm intention to make an offer for Gamma in accordance with Rule 2.7 of the Code or announce that they did not intend to make an offer.
Discussions between the Company and the Providence / Epiris Consortium are ongoing. Therefore, in accordance with Rule 2.6(c) of the Code, the Board of Gamma has requested, and the Panel has consented to, a joint extension of the Providence Deadline and the Epiris Deadline respectively. In accordance with Rule 2.6(c) of the Code, the Providence / Epiris Consortium is now required, by no later than 5:00 p.m. (London time) on 8 July 2026 (the "Revised Deadline"), either to announce a firm intention to make an offer for Gamma in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer for Gamma, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. The Revised Deadline can be further extended with the consent of the Panel, in accordance with Rule 2.6(c) of the Code.
Discussions between the Company and other potential offerors remain ongoing. There can be no certainty that an offer will be made nor as to the terms on which any offer might be made.
A further announcement will be made when appropriate.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.