We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Moss Bros Group Plc | LSE:MOSB | London | Ordinary Share | GB0006056104 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 21.60 | 21.80 | 22.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMMOSB
RNS Number : 4009N
Takeover Panel
19 May 2020
2020/4
OFFER BY BRIGADIER ACQUISITION COMPANY LIMITED ("BRIGADIER")
FOR
MOSS BROS GROUP PLC ("MOSS BROS")
On 22 April 2020, Moss Bros announced that it had been informed by Brigadier that it was seeking a ruling from the Takeover Panel in order to invoke a condition to its offer for Moss Bros and to lapse the offer.
Brigadier lodged a formal submission with the Panel Executive on 22 April 2020 setting out the reasons why it believed that it should be permitted to invoke each of the conditions set out in paragraphs 2(c)(viii), 2(g)(xiv), 2(h)(i) and 2(h)(iv) of Part 4 of the Moss Bros scheme circular dated 7 April 2020 (the "Relevant Conditions"), on account of the impact on Moss Bros of the Covid-19 pandemic and related UK Government measures. This submission was made available to Moss Bros and its advisers. On 29 April 2020, Moss Bros lodged a submission with the Panel Executive setting out the reasons why it believed there were no grounds for allowing any of the Relevant Conditions to be invoked and this submission was made available to Brigadier and its advisers. The Panel Executive has subsequently received further representations from each of the parties and their respective advisers.
Having considered each of the submissions received and the further representations made, the Panel Executive has ruled that Brigadier has not established that the circumstances which give rise to its right to invoke the relevant conditions are of material significance to it in the context of its offer as required by Rule 13.5(a) of the Takeover Code and, therefore, that Brigadier should not be permitted to invoke any of the Relevant Conditions at this time.
Brigadier has been given a short period of time in which to decide whether to request a review of the Panel Executive's ruling by the Hearings Committee of the Takeover Panel. A further announcement will be made in due course.
19 May 2020
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 rns@lseg.com or visit www.rns.com.
END
POTUKONRRVUVAAR
(END) Dow Jones Newswires
May 19, 2020 12:41 ET (16:41 GMT)
1 Year Moss Bros Chart |
1 Month Moss Bros Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions