Response to Peel Bidco Announcement
Peel Bidco increases takeover offer for Harworth from 172.5p to 177.5p per share; board evaluating.
- Revised offer price 177.5 pence per share
- Previous offer price 172.5 pence per share
Select text to share a quote on X · sign in to keep highlights & notes in your HWG notes
The Board of Harworth (the "Harworth Board") notes the announcement made by Peel Pepper (UK) Limited ("Peel Bidco") earlier today regarding an increase to the cash consideration payable under the terms of its firm offer for Harworth from 172.5 pence per Harworth Share to 177.5 pence per Harworth Share (the "Revised Offer").
There has been no engagement between Peel and Harworth over the course of the offer period.
The Harworth Board is evaluating the Revised Offer with its advisers and a further announcement will be made as appropriate.
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, not to sell any shares to Peel and not to submit any electronic acceptance in respect of their Harworth shares.
Capitalised terms used but not defined in this announcement have the meanings given to them in the response document relating to the unrecommended offer published by Harworth on 9 September 2026.
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.