Response to media speculation
ME Group confirms it is evaluating strategic options including seeking potential offerors following share price movement and media speculation.
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THIS ANNOUNCEMENT IS NOT AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE") AND THERE CAN BE NO CERTAINTY THAT AN OFFER WILL BE MADE, NOR AS TO THE TERMS ON WHICH ANY OFFER WILL BE MADE
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
ME Group International plc ("ME Group" or the "Company")
Response to media speculation and share price movement
ME Group notes the recent movement in its share price and media speculation and confirms it is evaluating various strategic options to enhance shareholder value. One of the options being considered involves seeking potential offerors for the Company. The Company is not in receipt of any offer proposals.
There can be no certainty that any firm offer will be made, nor as to the terms on which any offer might be made. This announcement does not amount to an announcement of a firm intention to make an offer. A further announcement will be made as and when appropriate.
Code notes
The Takeover Panel Executive has granted a dispensation from the requirement of Rule 2.4(b) of the Code such that ME Group is not required to identify any potential offeror which ME Group subsequently refers to the existence of in an announcement unless that potential offeror has been specifically identified in any rumour or speculation.
As a consequence of this announcement, ME Group is now considered to be in an "offer period" as defined in the Code.
The LEI of ME Group is 2138006YJ65EKBYYYX41.
Rule 2.9 Information
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.