Rule 2.4 (possible offer) announcement—offeree—following an approach (Rule 2.2(c))
Rule 2.4 (possible offer) announcement—offeree—following an approach (Rule 2.2(c))

The following Corporate precedent provides comprehensive and up to date legal information covering:

  • Rule 2.4 (possible offer) announcement—offeree—following an approach (Rule 2.2(c))

Rule 2.4 (possible offer) announcement—offeree—following an approach (Rule 2.2(c))

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY) 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 2.4 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE CODE) AND DOES NOT CONSTITUTE AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE CODE. THERE CAN BE NO CERTAINTY THAT AN OFFER WILL BE MADE[, NOR AS TO THE TERMS ON WHICH ANY OFFER MIGHT BE MADE].

[insert date]

For immediate release

[Insert name of offeree] PLC (the Company)

Statement concerning [insert full name of potential offeror] ([Offeror])

The board of directors of the Company [notes the recent movement in its share price and] announces that it has received an approach from[, and is in preliminary discussions with, ][insert full name of potential offeror] ([Offeror]) [which is a [insert shareholding as a percentage of offeree total share capital]% shareholder in the Company]. This approach may or may not lead to an offer being made for the Company.

[The Company confirms that it has also received approaches by, and is holding preliminary talks with, each of [insert name of potential offeror] and [insert name of potential offeror] regarding possible offers for the

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