French Connection Group PLC Statement re French Connection Group plc (8892Q)
March 02 2021 - 7:30AM
UK Regulatory
TIDMFCCN
RNS Number : 8892Q
French Connection Group PLC
02 March 2021
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 OF SUCH
JURISDICTION
THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE UK CITY
CODE ON TAKEOVERS AND MERGERS (THE "CODE")
2 March 2021
Gordon Brothers and Spotlight Brands
("GB and SB")
Statement regarding French Connection Group PLC
Further to the recent announcements made in relation to a
possible offer for French Connection Group PLC ("French
Connection") by GB and SB, GB and SB each confirms that they do not
intend to make an offer under Rule 2.7 of the Code.
For the purposes of Rule 2.8 of the Code, GB and/or SB, and any
person(s) acting in concert with them, reserves the right to make
or participate in an offer or possible offer for French Connection
(and/or take any other action which would otherwise be restricted
under Rule 2.8 of the Code) within 6 months of the date of this
announcement:
a. with the agreement of the board of directors of French Connection;
b. following the announcement of a firm intention to make an
offer for French Connection by or on behalf of a third party;
c. following the announcement by French Connection of a proposal
for a "whitewash" (as referred to in Note 1 of the Notes on
Dispensations from Rule 9 of the Code) or for a reverse takeover
(as defined in the Code); or
d. where the Panel on Takeovers and Mergers has determined that
there has been a material change of circumstances.
Enquiries:
Michael Collinson
Houlihan Lokey
020 7747 6628
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END
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