REG - Mission Group PLC Brave Bison Grp PLC - RESPONSE TO RULE 2.8 ANNOUNCEMENT BY BRAVE BISON

MissionAnnouncement

10/06/2024 09:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240610:nRSJ7837Ra&default-theme=true

RNS Number : 7837R  Mission Group PLC (The)  10 June 2024

FOR IMMEDIATE RELEASE

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 SUCH JURISDICTION

10 June 2024

The MISSION Group plc

("MISSION", the "Company" or the "Group")

RESPONSE TO RULE 2.8 ANNOUNCEMENT BY BRAVE BISON GROUP PLC

MISSION Group plc (AIM: TMG), notes the announcement released earlier today
by Brave Bison Group plc ("Brave Bison") confirming that it does not intend to
make an offer for MISSION. As a result, Brave Bison is bound by the
restrictions set out in Rule 2.8 of the Takeover Code.

The board of MISSION is confident in MISSION's standalone prospects. As
previously announced on 17 January 2024, the Board of MISSION has set out how
it expects to realise value for MISSION's shareholders through its standalone
strategy and execution of the Group's Value Restoration Plan, which is now
well underway.  The Board of MISSION also remains confident that during the
remainder of the year, it will deliver on its plan to reduce leverage.

 

ENDS

 

ENQUIRIES:

 David Morgan, Non-Executive Chair

 James Clifton, Chief Executive Officer

 Giles Lee, Chief Financial Officer                                           Via Houston

 The MISSION Group plc

 Simon Bridges / Julie Langley / Andrew Potts / Harry Rees
 Canaccord Genuity Limited (Financial Adviser, Nominated Adviser and Broker)  020 7523 8000

 Kate Hoare / Alexander Clelland / India Spencer
 HOUSTON (Financial PR and Investor Relations)                                0204 529 0549

 

Canaccord Genuity Limited, which is authorised and regulated in the United
Kingdom by the FCA, is acting as financial adviser and corporate broker
exclusively for MISSION and for no one else in connection with the Revised
Possible Offer and will not regard any other person as its client in relation
to the matters referred to in this announcement and will not be responsible to
anyone other than MISSION for providing the protections afforded to clients of
Canaccord Genuity Limited, nor for providing advice in relation to the Revised
Possible Offer or any other matter referred to in this announcement.

Publication of this announcement

In accordance with Rule 26.1 of the Code, a copy of this announcement will be
available on the Company's website at https://www.themission.co.uk/
(https://www.themission.co.uk/) by no later than 12 noon (London time) on the
business day following the date of this announcement. The content of the
website referred to in this announcement is not incorporated into and does not
form part of this announcement.

 

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  RSPDBLBFZQLEBBZ