Response to Marlowe no intention to bid statement

RNS Number : 1285I

Restore PLC

10 August 2021

 

STATEMENT RE POSSIBLE OFFER

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 THAT JURISDICTION

FOR IMMEDIATE RELEASE

10 August 2021

Restore plc

Response to Marlowe no intention to bid statement

The Board of Restore plc ("Restore") notes the announcement by Marlowe plc ("Marlowe") earlier today that it does not intend to make a firm offer for Restore.  As a result of the announcement, Marlowe is bound by the restrictions contained in Rule 2.8 of the City Code on Takeovers and Mergers.

Martin Towers, Non-Executive Chairman of Restore, said:

"We have made significant strategic progress in 2021, alongside a sustained recovery from the impact of the pandemic, becoming a larger, stronger and growing business. We were delighted to have received such strong support from our shareholders through this process and are committed to generating sustainable long-term value for them and all of our stakeholders, through the continued delivery of our strategy."

The person responsible for arranging the release of this announcement on behalf of Restore is Sarah Waudby, Company Secretary.

Enquiries

R estore plc	www.restoreplc.com
Charles Bligh, CEO Neil Ritchie, CFO	[phone]
Canaccord Genuity Limited (Financial Adviser to Restore)	www.cfg.com
Chris Robinson / Edward Halfon	[phone]
Peel Hunt LLP (Nominated Adviser and Broker)	www.peelhunt.com
Mike Bell / Ed Allsopp	[phone]
Buchanan Communications (Media Relations)	www.buchanan.uk.com
Charles Ryland / Vicky Hayns / Tilly Abraham	[phone]

Disclaimer

Canaccord Genuity Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting exclusively for Restore and no one else in connection with the matters set out in this announcement and will not be responsible to anyone other than Restore for providing the protections afforded to clients of Canaccord Genuity Limited or for providing advice in relation to the matters set out in this announcement.  

Peel Hunt LLP, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting as corporate broker for Restore and for no one else in connection with the matters referred to in this announcement and will not be responsible to anyone other than Restore for providing the protections afforded to clients of Peel Hunt LLP or for providing advice in relation to the matters set out in this announcement.  

 

END

 

 

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