REG - Pollen Street Cap. PROACTIS Holdings DBAY Advisors Ltd - Rule 19.6(c) confirmation - Proactis Holdings plc
27/07/2022 08:15
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RNS Number : 8874T Pollen Street Capital 27 July 2022
THE FOLLOWING ANNOUNCEMENT IS BEING MADE PURSUANT TO THE REQUIREMENTS OF RULE
19.6(C) OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE") WHICH, INTER
ALIA, REQUIRES A PARTY TO AN OFFER TO MAKE AN ANNOUNCEMENT AT THE END OF A
PERIOD OF 12 MONTHS FROM THE DATE ON WHICH THE OFFER PERIOD ENDED CONFIRMING
WHETHER IT HAS TAKEN, OR NOT TAKEN, THE COURSE OF ACTION SET OUT IN ITS STATED
INTENTIONS.
27 July 2022
Rule 19.6(c) confirmation with respect to post-offer intention statements made
in relation to Proactis Holdings plc ("Proactis")
Proactis Bidco Limited, (previously Cafe Bidco Limited, being a company
indirectly owned by: (i) investment funds advised and managed by Pollen Street
Capital Limited; and (ii) investment funds advised and managed by DBAY
Advisors Limited) (the "Company") announces that, further to the completion of
its recommended cash offer for the entire issued and to be issued share
capital of Proactis, which was implemented by means of a court-sanctioned
scheme of arrangement under Part 26 of the Companies Act 2006, and which
became effective on 27 July 2021, it has duly confirmed in writing to The
Panel on Takeovers and Mergers in accordance with the requirements of Rule
19.6(c) of the Code that the Company has complied with its post-offer
statements of intent made pursuant to Rules 2.7(c)(viii) and 24.2 of the Code,
as originally detailed in its announcement of 11 June 2021 and the scheme
document published on 28 June 2021.
Enquiries:
Proactis Bidco Limited
+44 (0)20 3780 1636
David Dawson
David Morrison
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