TIDMYEW
RNS Number : 5766U
Yew Grove REIT PLC
03 December 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 OR REGULATIONS OF THAT
JURISDICTION
FOR IMMEDIATE RELEASE
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
3 DECEMBER 2021
Possible Offer Update
On 23 November 2021, Quanta Capital ("Quanta") announced that it
was evaluating, in conjunction with investment manager Davy,
recommending that the Goldstein Property ICAV, an Irish collective
vehicle authorized by the Central Bank of Ireland, make an offer
for Yew Grove REIT plc ("Yew Grove").
The board of directors of Yew Grove announces that today it has
been notified by the Irish Takeover Panel (the "Panel") that Quanta
has notified the Panel that it intends to make an announcement
pursuant to Rule 2.8 of the Irish Takeover Rules that it does not
intend to make an offer for Yew Grove and that, accordingly,
subject to that announcement being made, Quanta will be bound by
the restrictions set out in Rule 2.8 of the Irish Takeover Rules
from making an offer for Yew Grove in the 12 months following that
announcement (subject to Quanta's right during such 12 month period
to set such announcement aside where so permitted under Rule 2.8 of
the Irish Takeover Rules).
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 ("EU
MAR") and for the purposes of Article 7 of the Market Abuse
Regulation (EU) 596/2014 as it forms part of UK domestic law by
virtue of the European Union (Withdrawal) Act 2018 ("UK MAR"), and
is disclosed in accordance with the company's obligations under
Article 17 of EU MAR and Article 17 of UK MAR. The date and time of
this announcement is the same date and time that it has been
communicated to the media.
The person responsible for arranging the release of this
announcement on behalf of Yew Grove is Charles Peach.
Enquiries:
Goodbody (Financial Adviser, Corporate Broker and Rule 3 Adviser
to Yew Grove)
Finbarr Griffin / David Kearney / John Flynn Tel: +353 1 667
0420
Liberum Capital Limited, (Corporate Broker and Nomad to Yew
Grove)
Richard Crawley / Jamie Richards Tel: +44 20 3100 2000
Yew Grove Press enquiries
Jonathan Laredo / Charles Peach Tel: +353 1 485 3950
Statements required by the Takeover Rules
The directors of Yew Grove accept responsibility for the
information contained in this announcement. To the best of the
knowledge and belief of the directors of Yew Grove (who have taken
all reasonable care to ensure that such is the case), the
information contained in this announcement is in accordance with
the facts and does not omit anything likely to affect the import of
such information .
Goodbody Stockbrokers UC ("Goodbody"), which in Ireland is
regulated by the Central Bank of Ireland and in the United Kingdom
is authorised and subject to limited regulation by the Financial
Conduct Authority, is acting exclusively for Yew Grove and no one
else in connection with the matters referred to in this
announcement and will not be responsible to anyone other than Yew
Grove for providing the protections afforded to clients of
Goodbody, or for providing advice in connection with the matters
referred to in this announcement. Neither Goodbody nor any of its
subsidiaries or affiliates owes or accepts any duty, liability or
responsibility whatsoever (whether direct or indirect, whether in
contract, in tort, under statute or otherwise) to any person who is
not a client of Goodbody in connection with this announcement or
any matter referred to herein.
Liberum Capital Limited ("Liberum"), which is authorised and
regulated in the United Kingdom by the Financial Conduct Authority,
is acting exclusively for Yew Grove and no one else in connection
with the matters described in this announcement. Liberum will not
regard any other person (whether or not a recipient of this
announcement) as its client in relation to the matters described in
this announcement and will not be responsible to anyone other than
Yew Grove for providing the protections afforded to its clients or
for providing any advice in relation to matters or arrangements
referred to herein. Apart from the responsibilities and
liabilities, if any, which may be imposed on Liberum by the
Financial Services and Markets Act 2000 or the regulatory regime
established thereunder, or under the regulatory regime of any
jurisdiction where the exclusion of liability under the relevant
regulatory regime would be illegal, void or unenforceable, Liberum
does not accept any responsibility whatsoever for, and makes no
representation or warranty, express or implied, as to the contents
of this announcement or for any other statement made or purported
to be made by it, or on its behalf, in connection with Yew Grove
and nothing in this announcement will be relied upon as a promise
or representation in this respect, whether or not to the past or
future. Liberum accordingly, to the fullest extent permitted by
law, disclaims all and any responsibility or liability, whether
arising in tort, contract or otherwise (save as referred to above),
which it might otherwise have in respect of this announcement or
any such statement.
Disclosure requirements of the Takeover Rules
Under the provisions of Rule 8.3 of the Irish Takeover Rules, if
any person is, or becomes, "interested" (directly or indirectly)
in, 1% or more of any class of "relevant securities" of Yew Grove,
all "dealings" in any "relevant securities" of Yew Grove (including
by means of an option in respect of, or a derivative referenced to,
any such "relevant securities") must be publicly disclosed by not
later than 3:30 pm (Irish time) on the "business day" in Dublin
following the date of the relevant transaction. This requirement
will continue until the date on which the "offer period" ends. If
two or more persons co-operate on the basis of any agreement,
either express or tacit, either oral or written, to acquire an
"interest" in "relevant securities" of Yew Grove, they will be
deemed to be a single person for the purpose of Rule 8.3 of the
Takeover Rules.
Under the provisions of Rule 8.1 of the Irish Takeover Rules,
all "dealings" in "relevant securities" of Yew Grove by Slate
Office REIT or Slate Office Ireland Investment Limited, or by any
party acting in concert (as defined in the Irish Takeover Panel Act
1997 (as amended)) with either of them, must also be disclosed by
no later than 12 noon (Irish time) on the "business day" in Dublin
following the date of the relevant transaction.
A disclosure table, giving details of the companies in whose
"relevant securities" "dealings" should be disclosed, can be found
on the Irish Takeover Panel's website at
www.irishtakeoverpanel.ie.
"Interests in securities" arise, in summary, when a person has
long economic exposure, whether conditional or absolute, to changes
in the price of securities. In particular, a person will be treated
as having an "interest" by virtue of the ownership or control of
securities, or by virtue of any option in respect of, or derivative
referenced to, securities.
Terms in quotation marks are defined in the Irish Takeover
Rules, which can also be found on the Irish Takeover Panel's
website. If you are in any doubt as to whether or not you are
required to disclose a dealing under Rule 8, please consult the
Irish Takeover Panel's website at www.irishtakeoverpanel.ie or
contact the Irish Takeover Panel on telephone number +353 1 678
9020.
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCEAKADEAEFFFA
(END) Dow Jones Newswires
December 03, 2021 11:22 ET (16:22 GMT)
Yew Grove Reit (LSE:YEW)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Yew Grove Reit (LSE:YEW)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024
