Statement regarding publication of offer document
Harworth Board unanimously rejects Peel's unrecommended takeover offer at 172.5p per share.
- Peel offer price 172.5p per share
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NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTIONWHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
Harworth Group plc
('Harworth')
Statement regarding publication of Peel Pepper (UK) Limited ("Peel") offer document
The Board of Harworth (the "Board") notes the publication today by Peel of the offer document in respect of its unrecommended cash offer for Harworth at a price of 172.5p per Harworth share (the "Offer").
As previously announced, the Board is unanimous and unequivocal in its rejection of the Offer which, in its view, fundamentally undervalues Harworth and its near and longer-term prospects.
The Board is reviewing the offer document with its advisers and will, by no later than 9 September 2026 (except with the consent of the Takeover Panel), publish a circular to Harworth shareholders setting out in full the Board's views on the Offer and the reasons for the Board's unanimous and unequivocal rejection of the Offer.
In the meantime, Harworth shareholders are strongly advised to take no action in respect of the Offer. In particular, shareholders are advised not to sign or return any form of acceptance and not to submit any electronic acceptance in respect of their Harworth shares.
Further announcements will be made as and when appropriate.
Allen Overy Shearman Sterling LLP is acting as legal adviser to Harworth.
Disclaimers
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.