THIS 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
24 May 2023
GXO Logistics, Inc. ("GXO")
Rule 19.6(c) confirmation with respect to post-offer intention statements for Clipper Logistics plc ("Clipper")
GXO refers to its recommended offer for the entire issued and to be issued share capital of Clipper which was effected by way of a scheme of arrangement under Part 26 of the Companies Act 2006, and which became effective on 24 May 2022. As required by Rule 19.6(c) of the Code, GXO has confirmed to The Panel on Takeovers and Mergers that it has complied with its post-offer intentions statements made pursuant to Rules 2.7(c)(viii) and 24.2, as originally detailed in its announcement made under Rule 2.7 of the Code on 28 February 2022 and the scheme document published on 17 March 2022.
Enquiries:
| Rothschild & Co (Financial Adviser to GXO) |
Tel: +44 (0)20 7280 5000 |
| GXO Media Matthew Schmidt (US)
Investors Mark Manduca |
Tel: +1 (203) 307 2809 Tel: +1 (203) 585 8986 |
Important notices
N.M. Rothschild and Sons Limited ("Rothschild & Co"), which is authorised and regulated by the FCA in the United Kingdom, is acting as financial adviser to GXO and no one else in connection with the matters described in this Announcement and will not be responsible to anyone other than GXO for providing the protections afforded to clients of Rothschild & Co nor for providing advice in connection with any matter referred to herein. Neither Rothschild & Co nor any of its affiliates (nor their respective directors, officers, employees or agents) 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 Rothschild & Co in connection with this announcement, any statement contained herein or otherwise.
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