CC Capital Partners LLC Statement regarding IWG PLC (4708D)

TIDMIWG

RNS Number : 4708D

CC Capital Partners LLC

29 June 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 THAT JURISDICTION.

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

FOR IMMEDIATE RELEASE

29 June 2021

Statement regarding IWG PLC

CC Capital Partners LLC ("CC Capital") notes the recent press speculation regarding a potential offer for IWG PLC ("IWG"). CC Capital confirms that it does not intend to make an offer for IWG.

As a result of this announcement, CC Capital agrees that it will, except with the consent of the UK Panel on Takeovers and Mergers (the "Panel"), be bound by the restrictions contained in Rule 2.8 of the Code.

For the purposes of Rule 2.8 of the Code, CC Capital reserves the right to announce or participate in an offer or possible offer for IWG and/or to take any other action which would otherwise be restricted under Rule 2.8 of the Code within 6 months after the date of this announcement in the following circumstances described in Note 2 to Rule 2.8 of the Code: (i) with the consent of the Board of IWG; (ii) if a third party (including another publicly identified potential offeror) announces a firm intention to make an offer for IWG; (iii) if IWG announces a "whitewash" proposal (as referred to 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) if the Panel determines there has been a material change of circumstances.

CC Capital, and any person acting in concert with CC Capital, reserves the right to acquire IWG shares or interests in IWG shares subject to and in accordance with Rule 2.8 of the Code.

Enquiries:

Joele Frank, Wilkinson Brimmer Katcher (Public Relations Adviser to CC Capital)

Jonathan Keehner [phone]

Julie Oakes

Kate Thompson

Important information

This announcement is not intended to, and does not, constitute, represent or form part of any offer, invitation or solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of any securities or the solicitation of any vote or approval in any jurisdiction whether pursuant to this announcement or otherwise.

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June 29, 2021 04:18 ET (08:18 GMT)