THE FOLLOWING ANNOUNCEMENT IS BEING MADE PURSUANT TO THE REQUIREMENTS OF RULE 19.6(C) OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE"), WHICH, INTER ALIA, REQUIRES A PARTY TO AN OFFER TO MAKE AN ANNOUNCEMENT AT THE END OF A PERIOD OF 12 MONTHS FROM THE DATE ON WHICH THE OFFER PERIOD ENDED CONFIRMING WHETHER IT HAS TAKEN, OR NOT TAKEN, THE COURSE OF ACTION SET OUT IN ITS STATED INTENTIONS.
FOR IMMEDIATE RELEASE
11 May 2020
Kelion Bidco Limited ("Kelion")
Rule 19.6(c) confirmation with respect to stated post-offer intentions with regard to Manx Telecom plc
Kelion is a company owned by Basalt Infrastructure Partners II A L.P., Basalt Infrastructure Partners II C L.P. and Basalt Infrastructure Partners II D L.P., each acting through its general partner Basalt Infrastructure Partners II GP Limited.
Kelion Bidco Limited announces that, further to the completion of its recommended cash offer for Manx Telecom plc ("Manx"), which was implemented by means of a court-sanctioned scheme of arrangement under Section 157 of the Isle of Man Companies Act 2006, and which became effective on 9 May 2019, Kelion has duly confirmed in writing to The Panel on Takeovers and Mergers in accordance with the requirements of Rule 19.6(c) of the Code that Kelion has complied with its post-offer statements of intent made pursuant to Rules 2.7(c)(iv) and 24.2 of the Code, as originally detailed in Kelion's Rule 2.7 announcement of 13 March 2019 and Manx's scheme document published on 29 March 2019.
Enquiries:
Steven Lowry (on behalf of Kelion Bidco Limited) +44 20 7766 3340
Macquarie Capital (Europe) Limited (Financial adviser to Kelion Bidco Limited) +44 20 3037 2000
Alex Reynolds
Michael van der Beugel
Macquarie Capital (Europe) Limited ("Macquarie Capital"), which is authorised and regulated in the United Kingdom by the FCA, is acting as financial adviser to Bidco and no one else in connection with the matters set out in this Announcement. In connection with such matters, Macquarie Capital, its affiliates and its or their respective directors, officers, employees and agents will not regard any other person as their client, nor will they be responsible to anyone other than Bidco for providing the protections afforded to their clients or for providing advice in relation to the contents of this Announcement or any other matter referred to in this Announcement. Macquarie Capital (Europe) Limited is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia), and its obligations do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542. Macquarie Bank Limited does not guarantee or otherwise provide assurance in respect of the obligations of Macquarie Capital (Europe) Limited.