No intention to make an offer
Infill Capital Partners has announced that it does not intend to make an offer for Safestay PLC, following its previous announcement on July 10, 2026, that it was considering a possible offer. This statement falls under Rule 2.8 of the City Code on Takeovers and Mergers, which restricts Infill Capital Partners and its concert parties from making another offer for Safestay for a period of six months, unless certain conditions are met, such as the agreement of Safestay's board or the announcement of a firm offer from a third party. Infill Capital Partners also reserves the right to acquire Safestay shares in accordance with applicable regulations.
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THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE"). THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
No intention to make an offer for Safestay PLC ("Safestay")
Further to the announcement on 10 July 2026 by Safestay PLC ("Safestay") that Infill Capital Partners ("ICP"), acting through Lume HoldCo S.à r.l., was considering a possible offer for the entire issued and to be issued share capital of Safestay, ICP today confirms that it does not intend to make an offer for Safestay.
This is a statement to which Rule 2.8 of the Code applies.
Under Note 2 of Rule 2.8 of the Code, ICP and any person(s) acting in concert with ICP, reserves the right to set aside the restrictions in Rule 2.8 of the Code in the following circumstances:
- with the agreement of the board of Safestay;
- following the announcement of a firm intention to make an offer for Safestay, by or on behalf of a third party;
- following the announcement by Safestay of a Rule 9 waiver proposal (as described in Note 1 of the Notes on Dispensations from Rule 9) or a reverse takeover (as defined in the Code); or
- if there has been a material change of circumstances (as determined by the Takeover Panel).
ICP also reserves the right to acquire shares of Safestay, subject to, and in accordance with, the Code and other applicable regulations.
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