TIDMCBOX

RNS Number : 6662G

Cake Box Holdings PLC

20 July 2023

Cake Box Holdings plc

("Cake Box", "the Company" or "the Group")

Response to Press Speculation

The Company notes the recent press speculation.

The Company confirms that it received an unsolicited approach from River Capital to acquire the entire issued and to be issued share capital of the Company (the "Indicative Approach"). The Indicative Approach was made in early June and with an indicative price of 160 pence a share.

The Board unequivocally rejected the Indicative Approach as materially undervaluing the Company and no further discussions with River Capital have taken place.

This announcement has been made without the consent of River Capital.

For further information, please contact:

 
 Cake Box Holdings plc                     Enquiries via MHP 
  Sukh Chamdal, CEO 
  Michael Botha, CFO 
 Shore Capital (Nomad and Joint Broker) 
  Stephane Auton 
  Patrick Castle 
                                           +44 (0) 20 7408 4090 
  Liberum (Joint Broker) 
  Clayton Bush 
  Tim Medak 
  Edward Thomas                             +44 (0) 20 3100 200 
 MHP                                       +44 (0) 7834 623818 
  Charlie Barker                            cakebox@mhpgroup.com 
  Robert Collett-Creedy

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END

SPCGIGDRIUDDGXG

(END) Dow Jones Newswires

July 20, 2023 05:00 ET (09:00 GMT)

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