NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION
FOR IMMEDIATE RELEASE
3 March 2026
Management Consulting Group Plc
("MCG" or the "Company")
TERMINATION OF FORMAL SALE PROCESS
The Company announced on 14 November 2025 that the board of directors of the Company ("Board") had decided to commence a "Formal Sale Process" for the Company (as referred to in Note 2 on Rule 2.6 of the City Code on Takeovers and Mergers) (the "Formal Sale Process").
Since that announcement, the Board has concluded that it has not received a proposal that would lead to an offer for the Company which would be recommendable by the Board, and the Board does not believe that continuing the Formal Sale Process will deliver an outcome that would satisfactorily meet the interests of all stakeholders. The Board therefore considers that it is in the interests of all shareholders to terminate the Formal Sale Process. The Company has terminated discussions with all parties in relation to the Formal Sale Process and is not in receipt of any approaches.
As a result of this announcement, the Company is no longer in an "Offer Period" as defined in the City Code on Takeovers and Mergers (the "Takeover Code") and, accordingly, the dealing disclosure requirements under Rule 8 of the Takeover Code no longer apply.
For further information, please contact:
| MCG |
Equiteq Corporate Finance Limited |
| Neil O'Brien (CEO) |
Jerome Glynn-Smith |
| David Whitehead (Commercial Director) |
The person responsible for arranging this announcement on behalf of the Company is Neil O'Brien, CEO.
Notice related to financial advisers
Equiteq Corporate Finance Limited ("Equiteq") as its Financial Adviser with regards to the Formal Sale Process. Equiteq Corporate Finance Limited is an Appointed Representative of Frank Investments Limited, who is authorised and regulated by the Financial Conduct Authority (FRN627697) in the United Kingdom. Equiteq is acting exclusively for the Company and for no-one else in connection with the matters set out in this announcement.