THIS ANNOUNCEMENT IS BEING MADE PURSUANT TO RULE 19.6(C)(II) 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 1 June 2022
BROWN BIDCO LIMITED
Rule 19.6(c) Confirmation of compliance with post-offer intention statements with regard to Signature Aviation Plc
Brown Bidco Limited ("Bidco") announces that, further to the completion of its recommended cash offer for the entire issued and to be issued share capital of Signature Aviation Plc, other than those shares that were owned or controlled by Cascade and the Bill & Melinda Gates Foundation Trust, which was effected by way of a scheme of arrangement under Part 26 of the Companies Act 2006, and which became effective on 1 June 2021, it 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 it has complied with its post offer intention statements made pursuant to Rules 2.7(c)(iv) and 24.2 of the Takeover Code, as originally detailed in its announcement of 5 February 2021 and in the scheme document published on 22 February 2021.
Enquiries:
| Signature |
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| Maria Garton
|
Tel: +1 (407) 374-0927 |
| RBC Capital Markets (Financial Adviser to Bidco) |
Tel: +44 (0) 207 653 4000 |
| Mark Preston Sam Jackson
|
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| Gleacher Shacklock (Financial Adviser to Bidco) |
Tel: +44 (0) 207 484 1150 |
| Dominic Lee Martin Falkner Lewis Robinson |
|
|
UBS (Financial Adviser to Bidco) |
Tel: +44 (0) 20 7567 8000 |
| Philippe Chryssicopoulos James Donovan |
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Gleacher Shacklock LLP ("Gleacher Shacklock"), which is authorised and regulated by the FCA in the United Kingdom, is acting exclusively as financial adviser to Bidco and no one else in connection with the matters set out in this announcement and will not be responsible to anyone other than Bidco for providing the protections afforded to clients of Gleacher Shacklock or for providing advice in connection with the subject matter of this announcement or any other matter referred to herein.
UBS AG London Branch is authorised and regulated by the Financial Market Supervisory Authority in Switzerland. It is authorised by the Prudential Regulation Authority and subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority in the United Kingdom. UBS AG London Branch is acting as financial adviser to Bidco and no one else in connection with the matters described in this announcement. In connection with such matters, UBS AG London Branch will not regard any other person as its client, nor will it be responsible to any other person for providing the protections afforded to its clients or for providing advice in relation to the contents of this announcement or any other matter referred to herein.
RBC Europe Limited (trading as "RBC Capital Markets"), which is authorised by the PRA and regulated by the FCA and the PRA in the United Kingdom, is acting exclusively for Bidco and for no one else in connection with the subject matter of this announcement and will not be responsible to anyone other than Bidco for providing the protections afforded to its clients or for providing advice in connection with the subject matter of this announcement.
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