Babcock (LSE:BAB)
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RNS Number : 3935C

Babcock International Group PLC

17 June 2019

17 June 2019

Babcock International Group PLC ("Babcock" or the "Company")

Statement regarding media speculation

Babcock, the Aerospace and Defence business, notes the media speculation in respect of a previous approach for the Company. Given that Babcock is currently undertaking an investor roadshow following its full-year results and capital markets day, the Company wishes to confirm that on 23 January 2019 it received an unsolicited and highly preliminary proposal from Serco Group Plc ("Serco") regarding a potential all-share combination between the two companies (the "Proposal") and confirms that no further proposal has been received.

The Board of Babcock, together with its advisers, carefully considered the Proposal and unanimously rejected it, having concluded that a combination of the two companies had no strategic merit and was not in the best interests of Babcock's shareholders, customers or wider stakeholders.

ends

For further information please contact:

Babcock International Group PLC

 
 
 Simon McGough                    Kate Hill 
 Director of Investor Relations   Group Director of Communications 
 Tel: +44 (0)20 3823 5592         Tel: +44 (0)20 7355 5312 
 
 FTI Consulting 
 Nick Hasell / Alex Le May / 
  Andrew Lorenz 
 Tel: +44 (0)20 3727 1340 
 

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.

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(END) Dow Jones Newswires

June 17, 2019 02:00 ET (06:00 GMT)