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Nick Harriss/James Reeve/David Worlidge 020 3328 5656 Under Rule 8.3(a) of the Takeover Code, any person who is interested in 1% or more of any class of relevant securities of an offeree company or of any securities exchange offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any securities exchange offeror is first identified. An Opening Position Disclosure must contain details of the person s interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm (London time) on the 10th business day following the com
Sources and bases 1. all prices and closing prices for St. Modwen s shares are closing middle market quotations derived from the London Stock Exchange Daily Official List (SEDOL); 2. volume weighted average prices are derived from Bloomberg; 3. St. Modwen s reported 2020 EPRA Net Tangible Assets information has been extracted, subject to rounding adjustments, from the audited annual report and accounts for St. Modwen for the year ended 30 November 2020; and 4. certain figures included in this announcement have been subject to rounding adjustments. If the Possible Offer results in an offer being made, any offer document or scheme document published in connection with such offer will contain, except with the consent of the Takeover Panel, in accordance with Rule 29 of the Takeover Code, either an updated portfolio valuation in respect of
Siris notes recent press speculation regarding Equiniti and confirms that it has submitted a non-binding proposal to acquire the entire issued and to be issued share capital of Equiniti for a cash consideration of 170 pence per share (the Proposal ). The Proposal also sets out what Siris believes to be a highly deliverable process and timetable to allow it to make a binding proposal under Rule 2.7 of the Code.
Further announcements will be made in due course, but there can be no certainty that a formal offer will be made.
As required by Rule 2.6(a) of the Code, Siris is required, by not later than 5.00 p.m. (London time) on 17 May 2021, either to announce a firm intention to make an offer for Equiniti in accordance with Rule 2.7 of the Code or to announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline may be extended with the consent of the Takeover Pane
The Board of Tavistock announces that it has received further letters from Neil Thomas, Kathryn McKimmie, John McKimmie and the estate of Alan Raven (deceased) stating their intention to reject the possible all share offer by TEAM plc ( TEAM ) for the issued and to be issued share capital of Tavistock (the Possible Offer ). These letters of intent (which are non-binding) represent, in aggregate, 1.47% of the Company s issued share capital and when taken with the previous letters of intent (as announced on 14 April 2021 and set out in the table below) represent 26.39% of the Company s issued share capital. As also announced on 14 April 2021, the Board of Tavistock, who beneficially own, in aggregate, 97,337,016 Tavistock Shares, representing 16.01% of the Company s issued share capital, would also not be minded to recommend or accept any offer from TEAM were one to be made at the level of the Possible Offer. Accordingly, taking the Board of Tavis