Moss Bros Group PLC Satisfaction of the FCA condition (8136N)
22 Mayo 2020 - 12:30PM
UK Regulatory
TIDMMOSB
RNS Number : 8136N
Moss Bros Group PLC
22 May 2020
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.
22 May 2020
Moss Bros Group plc
Satisfaction of the FCA condition
On 12 March 2020, the Board of Moss Bros Group plc ("Moss Bros")
and the Board of Brigadier Acquisition Company Limited
("Brigadier") announced that they had reached agreement on the
terms of a recommended cash offer to be made by Brigadier for the
entire issued and to be issued share capital of Moss Bros (the
"Offer").
On 29 April, Moss Bros announced that the scheme of arrangement
to effect the Offer had been approved by the requisite majorities
of Moss Bros shareholders.
The Board of Moss Bros announces that it was informed this
afternoon that Brigadier had received change in control approval
from the Financial Conduct Authority ("FCA Approval") on 20 May.
The receipt of FCA Approval satisfies a key condition of completion
of the Offer.
Completion of the Offer remains subject to the satisfaction or,
if applicable, waiver of the other Conditions set out in the Scheme
Document, including the Court sanction of the Scheme.
The Company will provide a timetable update, including in
relation to the Court hearing, subject to the conclusion of the
proceedings in front of the Takeover Panel. The Offer is expected
to complete in the second quarter of 2020.
Enquiries:
Moss Bros Via Buchanan
Colin Porter, Chairman
Brian Brick, CEO
Bill Adams, CFO
Peel Hunt LLP (Lead Financial Adviser and Rule Tel: 020 7418
3 Adviser to Moss Bros) 8900
George Sellar
Michael Nicholson
Rothschild & Co (Joint Financial Adviser to Moss Tel: 020 7280
Bros) 5000
John Byrne
Andrew Graham
Buchanan (Financial PR Adviser to Moss Bros) Tel: 020 7466
5000
Charles Ryland
Important notices
Peel Hunt LLP ("Peel Hunt"), which is authorised and regulated
in the United Kingdom by the FCA, is acting exclusively for Moss
Bros and no-one else in connection with the matters set out in this
announcement, and will not be responsible to anyone other than Moss
Bros for providing the protections afforded to clients of Peel Hunt
or for providing advice in connection with the Offer or any matter
or arrangement referred to herein.
N.M. Rothschild & Sons Limited ("Rothschild & Co"),
which is authorised and regulated by the FCA in the United Kingdom,
is acting exclusively for Moss Bros and for no one else in
connection with the Offer and will not be responsible to anyone
other than Moss Bros for providing the protections afforded to its
clients or for providing advice in connection with the Offer.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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May 22, 2020 13:30 ET (17:30 GMT)
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