Statement regarding Inspecs Group plc
H2 Equity Partners Limited has confirmed it does not intend to make an offer for Inspecs Group plc, following previous announcements regarding a possible offer. This statement, made under Rule 2.8 of the City Code on Takeovers and Mergers, means H2 and its concert parties are restricted from making a further offer for Inspecs for six months, unless certain conditions are met, such as agreement from Inspecs' board or a competing offer from a third party.
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Further to the announcements made by Inspecs on 23 October 2025 and 20 November 2025 regarding a possible offer for Inspecs, H2 Equity Partners Limited, acting in its capacity as investment adviser to its affiliated investment manager and investment funds ("H2"), confirms that it does not intend to make an offer for Inspecs.
This is a statement to which Rule 2.8 of the Code applies. Accordingly, H2 and any person(s) acting in concert with it will, except with the consent of the Panel on Takeovers and Mergers (the "Panel"), be bound by the restrictions set out in Rule 2.8 of the Code.
For the purposes of Rule 2.8 of the Code, H2 (and any person(s) acting in concert with it) reserves the right to set aside the restrictions in Rule 2.8 of the Code in any of the following circumstances: (i) with the agreement of the board of directors of Inspecs; (ii) following the announcement by or on behalf of a third party (other than Bidco 1125 Limited) of a firm intention to make an offer for Inspecs; (iii) if Inspecs announces a Rule 9 waiver proposal (as described in Note 1 of the Notes on Dispensations from Rule 9 of the Code) or a reverse takeover (as defined in the Code); or (iv) if there has been a material change of circumstances (as determined by the Panel).
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