Ocean Outdoor Limited Response to press speculation (1937I)

TIDMOOUT

RNS Number : 1937I

Ocean Outdoor Limited

13 April 2022

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 OF THAT JURISDICTION

THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER AND ACCORDINGLY THERE CAN BE NO CERTAINTY THAT ANY FIRM OFFER WILL BE MADE, NOR AS TO THE TERMS ON WHICH ANY OFFER MIGHT BE MADE

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

FOR IMMEDIATE RELEASE

13 April 2022

Ocean Outdoor Limited ("Ocean", "the Group")

Response to press speculation

The Board of Ocean notes the recent press speculation concerning the possibility of an offer for the Group by Atairos.

In connection with Ocean's strategic review announced on 15 November 2021, the Board confirms it is in discussions with Atairos regarding a possible offer for the Group. There can be no certainty that it will lead to an offer being made.

A further announcement will be made as and when appropriate.

Enquiries:

For further information contact:

 
 Ocean Outdoor 
 Tim Bleakley, CEO                  020 7292 6161 
 Susann Jerry, Head of Corporate 
  Communications 
 Yellow Jersey PR 
 Charles Goodwin                    0774 778 8221 
 Annabel Atkins 
 

Additional Information

This announcement is not intended to, and does not, constitute or form part of any offer, invitation or the 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, pursuant to this announcement or otherwise. Any offer, if made, will be made solely by certain offer documentation, which will contain the full terms and conditions of any offer, including details of how it may be accepted. The distribution of this announcement in jurisdictions other than the United Kingdom and the availability of any offer to shareholders of Ocean who are not resident in the United Kingdom may be affected by the laws of relevant jurisdictions. Therefore, any persons who are subject to the laws of any jurisdiction other than the United Kingdom or shareholders of Ocean who are not resident in the United Kingdom will need to inform themselves about, and observe any applicable requirements.

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April 13, 2022 02:01 ET (06:01 GMT)