TIDMTLPR
RNS Number : 7435N
Tullett Prebon PLC
02 February 2016
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART
IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT
JURISDICTION
FOR IMMEDIATE RELEASE
2 February 2016
Tullett Prebon plc
Update on the proposed acquisition of ICAP's global hybrid voice
broking and information business
Further to the announcement regarding the proposed acquisition
by Tullett Prebon of ICAP's global hybrid voice broking and
information business released on 11 November 2015 (the
"Announcement"), Tullett Prebon is updating shareholders in
relation to the clearance sought from the United States Department
of Justice (the "DOJ") in connection with the Transaction. Terms
defined in the Announcement have the same meanings in this
announcement.
Tullett Prebon has received a request for additional information
and documentary material from the DOJ in connection with the
Transaction. This form of request from the DOJ, often referred to
as a "Second Request", is part of the regulatory process under the
Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended
(the "HSR Act"). Tullett Prebon understands that the DOJ's review
is focused on the proposed post completion shareholding and
governance arrangements between Tullett Prebon and ICAP Newco.
The effect of the Second Request is to extend the waiting period
imposed by the HSR Act until 30 days after Tullett Prebon and ICAP
have substantially complied with the Second Request, unless that
period is extended voluntarily by the companies or terminated
earlier. Tullett Prebon intends to respond to the request from the
DOJ as quickly as practicable and to continue to work cooperatively
with the DOJ in connection with its review of the Transaction.
Completion of the Transaction remains subject to the approval of
Tullett Prebon shareholders, the approval of ICAP shareholders,
clearance from the Competition and Markets Authority ("CMA"),
expiration or termination of all applicable waiting periods under
the HSR Act, clearance from certain other antitrust authorities,
approval by various regulatory bodies including the FCA, and
satisfaction of other customary closing conditions noted in the
Announcement.
Tullett Prebon continues to anticipate that the Transaction will
close in 2016.
Enquiries
Stephen Breslin
Group Head of Communications,
Tullett Prebon plc
Direct: +44 (0) 20 7200 7750
Email: sbreslin@tullettprebon.com
Craig Breheny
Brunswick Group LLP
Direct: +44 (0) 20 7396 7429
Email: cbreheny@brunswickgroup.com
Important notice
This announcement has been issued by and is the sole
responsibility of Tullett Prebon.
This announcement is not intended to, and does not, constitute
or form part of any offer, invitation or the solicitation of an
offer to purchase, otherwise acquire, subscribe for, sell or
otherwise dispose of, any securities pursuant to this announcement
or otherwise. The distribution of this announcement in
jurisdictions outside the United Kingdom may be restricted by law
and therefore persons into whose possession this announcement comes
should inform themselves about, and observe such restrictions. Any
failure to comply with the restrictions may constitute a violation
of the securities law of any such jurisdiction.
This announcement does not constitute an offer of securities for
sale in the United States or an offer to acquire or exchange
securities in the United States. No offer to acquire securities or
to exchange securities for other securities has been made, or will
be made, and no offer of securities has been made, or will be made,
directly or indirectly, in or into, or by use of the mails, any
means or instrumentality of interstate or foreign commerce or any
facilities of a national securities exchange of, the United States
of America or any other country in which such offer may not be made
other than (i) in accordance with the requirements under the US
Securities Exchange Act of 1934, as amended, a registration
statement under the US Securities Act of 1933, as amended, or the
securities laws of such other country, as the case may be, or (ii)
pursuant to an available exemption therefrom. No securities are
intended to be registered under the US Securities Act of 1933, as
amended.
This announcement has been prepared for the purposes of
complying with the applicable law and regulation of the United
Kingdom (including the Listing Rules and the Disclosure and
Transparency Rules) and the information disclosed may not be the
same as that which would have been disclosed if this announcement
had been prepared in accordance with the laws and regulations of
any jurisdiction outside of the United Kingdom.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This announcement may include statements that are, or may be
deemed to be, "forward-looking statements". These forward-looking
statements may be identified by the use of forward-looking
terminology, including the terms "believes", "estimates", "plans",
"projects", "anticipates", "expects", "intends", "may", "will" or
"should" or, in each case, their negative or other variations or
comparable terminology, or by discussions of strategy, plans,
objectives, goals, future events or intentions. These forward
looking statements include all matters that are not historical
facts and involve predictions. Forward-looking statements may and
often do differ materially from actual results. Any forward-looking
statements reflect Tullett Prebon's current view with respect to
future events and are subject to risks relating to future events
and other risks, uncertainties and assumptions relating to Tullett
Prebon's results of operations, financial position, liquidity,
prospects, growth or strategies and the industry in which Tullett
Prebon operates. Forward-looking statements speak only as of the
date they are made and cannot be relied upon as a guide to future
performance. Save as required by law or regulation, Tullett Prebon
disclaims any obligation or undertaking to release publicly any
updates or revisions to any forward-looking statements in this
announcement that may occur due to any change in its expectations
or to reflect events or circumstances after the date of this
announcement.
Except as explicitly stated, neither the content of Tullett
Prebon's website, nor any website accessible by hyperlinks on
Tullett Prebon's website is incorporated in, or forms part of, this
announcement.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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