CC Capital Partners LLC Statement regarding IWG PLC (4708D)
June 29 2021 - 4:18AM
UK Regulatory
TIDMIWG
RNS Number : 4708D
CC Capital Partners LLC
29 June 2021
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, 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.
THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE UK CITY
CODE ON TAKEOVERS AND MERGERS (THE "CODE").
FOR IMMEDIATE RELEASE
29 June 2021
Statement regarding IWG PLC
CC Capital Partners LLC ("CC Capital") notes the recent press
speculation regarding a potential offer for IWG PLC ("IWG"). CC
Capital confirms that it does not intend to make an offer for
IWG.
As a result of this announcement, CC Capital agrees that it
will, except with the consent of the UK Panel on Takeovers and
Mergers (the "Panel"), be bound by the restrictions contained in
Rule 2.8 of the Code.
For the purposes of Rule 2.8 of the Code, CC Capital reserves
the right to announce or participate in an offer or possible offer
for IWG and/or to take any other action which would otherwise be
restricted under Rule 2.8 of the Code within 6 months after the
date of this announcement in the following circumstances described
in Note 2 to Rule 2.8 of the Code: (i) with the consent of the
Board of IWG; (ii) if a third party (including another publicly
identified potential offeror) announces a firm intention to make an
offer for IWG; (iii) if IWG announces a "whitewash" proposal (as
referred to 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 the Panel determines there has been a material change of
circumstances.
CC Capital, and any person acting in concert with CC Capital,
reserves the right to acquire IWG shares or interests in IWG shares
subject to and in accordance with Rule 2.8 of the Code.
Enquiries:
Joele Frank, Wilkinson Brimmer Katcher (Public Relations Adviser
to CC Capital)
Jonathan Keehner +1 (212) 355-4449
Julie Oakes
Kate Thompson
Important information
This announcement is not intended to, and does not, constitute,
represent or form part of any offer, invitation or solicitation of
an offer to purchase, otherwise acquire, subscribe for, sell or
otherwise dispose of any securities or the solicitation of any vote
or approval in any jurisdiction whether pursuant to this
announcement or otherwise.
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END
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