Go Global Retail LLC Statement regarding French Connection Group plc (1849Q)

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RNS Number : 1849Q

Go Global Retail LLC

25 October 2021

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

THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE").

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

FOR IMMEDIATE RELEASE

25 October 2021

Statement regarding French Connection Group plc ("French Connection")

Go Global confirms that it does not intend to make an offer for French Connection. This is a statement to which Rule 2.8 of the Code applies.

Accordingly, Go Global (and any person acting in concert with it) is, except in the circumstances set out below or otherwise with the consent of the UK Panel on Takeovers and Mergers (the "Panel") bound by the restrictions under Rule 2.8 of the Code.

Under Note 2 on Rule 2.8 of the Code, Go Global (and any person acting in concert with it) reserves the right to set aside the restrictions in Rule 2.8 in the following circumstances:

(i) with the agreement of the board of directors of French Connection (following the withdrawal or lapse of the offer for French Connection by MIP Holdings Ltd);

(ii) following the announcement of a firm intention to make an offer for French Connection by or on behalf of a new third party;

(iii) following the announcement by French Connection of a "whitewash" proposal (as described in Note 1 of the Notes on Dispensations from Rule 9 of the Code) or a reverse takeover (as defined in the Code); or

   (iv)        where the Panel has determined that there has been a material change of circumstances. 

The person responsible for making this announcement is Jeffery Streader, Managing Partner.

Enquiries:

 
 Go Global Retail, LLC 
  Jeffery Streader        [phone] 
 

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October 25, 2021 11:39 ET (15:39 GMT)