Takeover Panel Tritax Eurobox plc - deadline for clarification

RNS Number : 2861G

Takeover Panel

30 September 2024

 

2024/23

TRITAX EUROBOX PLC ("TRITAX EUROBOX")

SEGRO PLC ("SEGRO")

BROOKFIELD ASSET MANAGEMENT ("BROOKFIELD")

On 3 June 2024, Brookfield announced that it was in the early stages of ​assessing a possible cash offer for the whole of the issued and to be issued share capital of Tritax EuroBox.  ​

On 4 September 2024, the boards of SEGRO and Tritax EuroBox announced that they had reached agreement on the terms of a recommended all-share offer pursuant to which SEGRO would acquire the whole of the issued and to be issued share capital of Tritax EuroBox (the "SEGRO Offer"), to be implemented by means of a scheme of arrangement.

On 26 September 2024, Tritax EuroBox published a scheme circular in relation to the SEGRO Offer. That circular included notice of the shareholder meetings to approve the SEGRO Offer (the "Shareholder Meetings"), which have been convened for 24 October 2024.

Pursuant to Section 4 of Appendix 7 of the Takeover Code, the Panel Executive has ruled that, unless the Executive consents otherwise, Brookfield must by 5.00pm on 17 October 2024, being the seventh day prior to the date of the Shareholder Meetings, either announce a firm intention to make an offer for Tritax EuroBox in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer for Tritax EuroBox. This deadline will cease to apply if, before that time, a party other than Brookfield announces a firm intention to make an offer for Tritax EuroBox in accordance with Rule 2.7.

Each of Tritax EuroBox, SEGRO and Brookfield has accepted this ruling.

30 September 2024

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 [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

END

 

 

POTURVURSVUKOAR