Extension of PUSU Deadline
PUSU deadline for Tinicum/Blackstone takeover offer extended from 31 March to 9 April 2026.
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THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.4 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE"). THERE CAN BE NO CERTAINTY THAT ANY OFFER WILL BE MADE NOR AS TO THE TERMS ON WHICH ANY OFFER MIGHT BE MADE.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
Extension of PUSU Deadline
On 3 March 2026, Senior plc ("Senior" or the "Company") announced it had received a preliminary, non-binding all-cash offer to acquire the entire issued and to be issued share capital of the Company, from a consortium comprising of funds and vehicles managed by Tinicum Incorporated and Blackstone (the "Consortium") (the "Initial Announcement").
The Initial Announcement stated that, in accordance with Rule 2.6(a) of the Code, the Consortium is required, by no later than 5.00 p.m. (London Time) on 31 March 2026 (the "PUSU Deadline"), either to announce a firm intention to make an offer for Senior in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer for Senior, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies.
Discussions between the Company and the Consortium are ongoing. Therefore, in accordance with Rule 2.6(c) of the Code, the Consortium has requested, and the Board of Senior and the Panel have consented to, an extension of the PUSU Deadline. In accordance with Rule 2.6(c) of the Code, the Consortium is now required, by no later than 5.00 p.m. (London time) on 9 April 2026 (the "Revised Deadline"), either to announce a firm intention to make an offer for Senior in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer for Senior, 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 as and when appropriate.
Notices related to the financial advisers
Rule 26.1 information
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.