Share Name Share Symbol Market Type Share ISIN Share Description
HELICAL PLC NEX:HLCL.GB NEX Ordinary Share GB00B0FYMT95
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -14.62p -3.87% 362.88p 340.00p 415.00p 377.50p 362.88p 377.50p 393 08:02:54
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - -

Helical PLC Statement regarding press speculation

10/06/2019 7:00am

UK Regulatory (RNS & others)


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RNS Number : 6011B

Helical PLC

10 June 2019

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

10 June 2019 Helical plc

Statement regarding press speculation

The Board of Helical plc ("Helical") notes the recent press speculation in respect of an approach for the Company.

We can confirm that the Company has in the recent past been in receipt of more than one unsolicited approach from different parties. To date all proposals made have been at a significant discount to the Company's EPRA NAV and therefore in the Board's view did not reflect the fair value of the Company.

The Board always acts in the best interests of its shareholders and therefore has been open to engaging with these potential offerors, including allowing due diligence to be conducted.

At present the Company is not in receipt of an approach pursuant to Rule 2 of the Takeover Code.

Enquiries:

Helical plc Tel: +44 (0) 20 7629 0113

Gerald Kaye, CEO

Tim Murphy, CFO

J.P. Morgan Cazenove Tel: +44 (0) 20 7742 4000 Bronson Albery, Kirshlen Moodley, Paul Hewlett, Tara Morrison

Numis Securities Limited Tel: +44 (0) 20 7260 1000

Heraclis Economides, Ben Stoop

FTI Consulting Tel: +44 (0) 20 3727 1000

Dido Laurimore, Richard Sunderland, Richard Gotla

Disclaimer

J.P. Morgan Securities plc, which conducts its UK investment banking business as J.P. Morgan Cazenove ("J.P. Morgan Cazenove"), is authorised in the United Kingdom by the Prudential Regulation Authority (the "PRA") and regulated by the PRA and Financial Conduct Authority. J.P. Morgan Cazenove is acting as financial adviser exclusively for Helical and no one else in connection with the matters set out in this announcement and will not regard any other person as its client in relation to the matters in this announcement and will not be responsible to anyone other than Helical for providing the protections afforded to clients of J.P. Morgan Cazenove or its affiliates, nor for providing advice in relation to any matter referred to herein.

Numis Securities Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting for the Company only as joint financial adviser and corporate broker in connection with the matters described in this announcement and is not acting for or advising any other person, or treating any other person as its client, in relation thereto and will not be responsible for providing the protections afforded to clients of Numis Securities Limited or advice to any other person in relation to the matters contained herein.

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.

END

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