Response to Spectris plc no intention to bid stmt

RNS Number : 7809D

Oxford Instruments PLC

07 March 2022

 

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 OF SUCH JURISDICTION

FOR IMMEDIATE RELEASE

07 March 2022

Oxford Instruments plc

Response to Spectris plc no intention to bid statement

The Board of Oxford Instruments plc ("Oxford") notes the announcement made by Spectris plc earlier today that it does not intend to make a firm offer for Oxford.

The proposal was unsolicited and the Board continues to believe that Oxford has a clear and compelling strategy to achieve growth and create value for shareholders over the medium-term.

Enquiries:

Oxford Instruments	Tel: [phone]
Ian Barkshire, Chief Executive
Gavin Hill, Group Finance Director
J.P. Morgan Cazenove (Sole Financial Adviser and Corporate Broker to Oxford Instruments)	Tel: [phone]
Richard Perelman
James Robinson Mayank Chaturvedi

Disclaimer

J.P. Morgan Securities plc, which conducts its UK investment banking business as J.P. Morgan Cazenove ("J.P. Morgan Cazenove"), is authorised in the United Kingdom by the Prudential Regulation Authority (the "PRA") and regulated in the United Kingdom by the PRA and the Financial Conduct Authority. J.P. Morgan Cazenove is acting as financial adviser and corporate broker exclusively for Oxford Instruments and no one else in connection with the Proposal and will not regard any other person as its client in relation to the Proposal and will not be responsible to anyone other than Oxford Instruments for providing the protections afforded to clients of J.P. Morgan Cazenove or its affiliates, nor for providing advice in relation to the Proposal or any matter or arrangement referred to herein.

 

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