Moss Bros Group PLC Response to appeal of the Panel Executive's ruling (6874N)

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RNS Number : 6874N

Moss Bros Group PLC

22 May 2020

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 OR REGULATIONS OF THAT JURISDICTION.

22 May 2020

Moss Bros Group plc

Response to appeal of the Panel Executive's ruling

On 19 May 2020, the Takeover Panel Executive (the "Panel Executive") announced that it had ruled that Brigadier Acquisition Company Limited ("Brigadier") should not be permitted to invoke any of conditions 2(c)(viii), 2(g)(xiv), 2(h)(i) and 2(h)(iv) to its offer for Moss Bros (the "Ruling") and that Brigadier had been given a short period of time in which to decide whether to request a review of the Ruling by the Hearings Committee of the Takeover Panel.

The Board of Moss Bros Group plc ("Moss Bros" or the "Company") notes the subsequent announcement by the Panel Executive that Brigadier has requested a review of its Ruling. The outcome of the review will be announced in due course.

Moss Bros will seek to ensure that its position (as accepted by the Panel Executive) - that Brigadier has not established that the relevant requirements of the Takeover Code have been met and that Brigadier should not be permitted to invoke the relevant conditions in order to lapse its offer for Moss Bros - is confirmed.

The Company will make further announcements as appropriate.

 
Enquiries: 
 
Moss Bros                                         Via Buchanan 
Colin Porter, Chairman 
Brian Brick, CEO 
Bill Adams, CFO 
 
Peel Hunt LLP (Lead Financial Adviser and Rule    Tel: [phone] 
 3 Adviser to Moss Bros)                           8900 
George Sellar 
Michael Nicholson 
 
Rothschild & Co (Joint Financial Adviser to Moss  Tel: [phone] 
 Bros)                                             5000 
John Byrne 
Andrew Graham 
 
Buchanan (Financial PR Adviser to Moss Bros)      Tel: [phone] 
                                                   5000 
Charles Ryland 
 
 

Important notices

Peel Hunt LLP ("Peel Hunt"), which is authorised and regulated in the United Kingdom by the FCA, is acting exclusively for Moss Bros and no-one else in connection with the matters set out in this announcement, and will not be responsible to anyone other than Moss Bros for providing the protections afforded to clients of Peel Hunt or for providing advice in connection with the Offer or any matter or arrangement referred to herein.

N.M. Rothschild & Sons Limited ("Rothschild & Co"), which is authorised and regulated by the FCA in the United Kingdom, is acting exclusively for Moss Bros and for no one else in connection with the Offer and will not be responsible to anyone other than Moss Bros for providing the protections afforded to its clients or for providing advice in connection with the Offer.

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May 22, 2020 02:00 ET (06:00 GMT)