Bonmarche Holdings - Response to Spectre Holdings Limited announcement
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 THAT JURISDICTION.
Bonmarché Holdings plc
("Bonmarché" or the "Group")
Response to announcement by
Bonmarché notes the announcement made by
Accordingly, when combined with Spectre's existing holding of 26,213,390 Bonmarché shares, this totals 26,372,971 Bonmarché shares that are either owned or for which valid acceptances have so far been received by Spectre, representing, in aggregate, approximately 52.72 per cent. of the existing issued share capital of Bonmarché.
Bonmarché also notes that the Offer will remain open for acceptances until further notice.
The Board of Bonmarché continues to implement the cost reduction programme, which was already under review prior to Spectre's first announcement on
As set out in its response circular dated
The Bonmarché Directors continue to recommend that you should take no action in relation to the Offer and that you should not sign any document which Spectre or its advisers send to you.
Bonmarché currently expects to release its results for the 52 week period ended
For further information regarding Bonmarché, please call:
Bonmarché Holdings plc
c/o FTI +44 (0)20 3727 1000
+44 (0)20 7597 5970
FTI Consulting - Communications adviser
+44 (0)20 3727 1000
A copy of this announcement will be available at www.bonmarcheplc.co.uk. The content of the website referred to in this announcement is not incorporated into and does not form part of this announcement.
Disclosure requirements of the Takeover Code (the "Code")
Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of any class of relevant securities of an offeree company or of any securities exchange offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any securities exchange offeror is first identified. An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than
Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1% or more of any class of relevant securities of the offeree company or of any securities exchange offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any securities exchange offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s), save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than
If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a securities exchange offeror, they will be deemed to be a single person for the purpose of Rule 8.3. Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4).
Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the
Rule 26.1 disclosure
In accordance with Rule 26.1 of the Code, a copy of this announcement will be available at www.bonmarcheplc.co.uk by no later than 12 noon (
This information is provided by RNS, the news service of the
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