Statement of intention not to make an offer
Providence Equity exits consortium and confirms it will not make offer for Gamma Communications.
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Statement of intention not to make an offer for Gamma Communications Plc ("Gamma")
Further to the announcement made by Gamma on 10 June 2026 regarding a possible offer for Gamma by a consortium formed by Providence Equity Partners L.L.C. ("Providence") and Epiris LLP ("Epiris") (together, the "Consortium"), Providence confirms that it is no longer part of the Consortium and that it does not intend to make an offer for Gamma as part of the Consortium or otherwise.
Accordingly, except with the consent of the Takeover Panel, Providence (and any person acting in concert with it) is bound by the restrictions under Rule 2.8 of the Code.
Under Note 2 on Rule 2.8 of the Code, Providence (and any person acting in concert with it) reserves the right to set the restrictions in Rule 2.8 aside in the following circumstances:
- with the agreement of the Board of Gamma;
- if a third party announces a firm intention to make an offer for Gamma (excluding Epiris);
- if Gamma announces a Rule 9 waiver (as described in Note 1 of the Notes on Dispensations from Rule 9) or a reverse takeover (as defined in the Code); or
- if there has been a material change of circumstances (as determined by the Takeover Panel).
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.