Derriston Capital PLC Transaction update (3338Z)

TIDMDERR

RNS Number : 3338Z

Derriston Capital PLC

31 August 2018

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA (OTHER THAN THE UNITED KINGDOM) OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION

31 August 2018

DERRISTON CAPITAL PLC

("Derriston" or the "Company")

Transaction update

On 30 May 2018 the Company announced that it had agreed to acquire S(4) Capital Limited ("S(4) Capital" and the "Acquisition").

The Acquisition remains subject to a number of conditions including:

(i) the publication of a prospectus by the Company describing the enlarged group including MediaMonks and S(4) Capital (the "Prospectus"); and

(ii) the approval by the Company's independent shareholders in a general meeting (the "General Meeting") of the expected conditional waiver by the Panel on Takeovers and Mergers of any obligation on Sir Martin Sorrell and persons deemed to be acting in concert with him to make a general offer to the Company's shareholders pursuant to Rule 9 of the City Code on Takeovers and Mergers that would otherwise arise.

The Company expects that the Prospectus and a circular to convene the General Meeting will be published in September.

This announcement contains inside information.

 
 Enquiries: 
 Derriston Capital plc                                                       Via Walbrook 
  Harry Hyman (Non-executive chairman) 
 
 Dowgate Capital Stockbrokers Limited                                  Tel: [phone] 
  (corporate broker to Derriston and 
  to S(4) Capital) 
  James Serjeant / David Poutney 
 
 Walbrook PR Limited                       Tel: [phone] or [e-mail] 
  Paul McManus                                                         Mob: [phone] 
 

Harry Hyman, Non-Executive Chairman

Derriston Capital plc, 201 Bishopsgate, London EC2M 3AB

LEI 21380068SP9V65KPQN68

IMPORTANT INFORMATION

Dowgate Capital Stockbrokers Limited which is authorised and regulated in the United Kingdom by the Financial Conduct Authority is acting for Derriston Capital plc and S(4) Capital Limited in connection with the proposals set out in this announcement and for no one else and will not be responsible to anyone other than Derriston Capital plc and S(4) Capital Limited for providing the protections afforded to their clients or for providing advice in relation to this announcement or any matters referred to herein.

No representation or warranty, express or implied, is made by Dowgate Capital Stockbrokers Limited as to the contents of this announcement, or for the omission of any material from this announcement. Dowgate Capital Stockbrokers Limited have not authorised the contents of, or any part of, this announcement and no liability whatsoever is accepted by Dowgate Capital Stockbrokers Limited for the accuracy of any information or opinions contained in this document or for the omission of any information from this announcement.

The boards of Derriston Capital plc and of S(4) Capital Limited, who have separately appointed Dowgate Capital Stockbrokers Limited, are both aware of and accept Dowgate Capital Stockbrokers Limited's role as broker to each such company in connection with the proposals set out in this announcement.

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.

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August 31, 2018 02:00 ET (06:00 GMT)