Statement re Offer Approaches

RNS Number : 0512O

Evolution Group PLC

12 September 2011

 



The Evolution Group PLC

12 September 2011

The Evolution Group plc ("Evolution")

Statement regarding Offer Approaches

On 16 August 2011, The Evolution Group Plc ("Evolution") announced, amongst other things, that the Board had received approaches from a number of parties, in addition to the approach from Investec plc ("Investec"), who were interested in either part or the whole of the Company.

On 8 September 2011, Canaccord Financial Inc. announced that it will not proceed with an offer and will be bound by Rule 2.8 of the City Code on Takeover and Mergers (the "Code").

On 9 September 2011, Investec announced a recommended share offer for Evolution under Rule 2.5 of the Code. The Board of Evolution confirms that discussions with all parties other than Investec have now ceased.

-END-

Enquiries:

The Evolution Group Plc                                                                         Tel: [phone]

Alex Snow, CEO, The Evolution Group PLC

Pelham Bell Pottinger                                                                             Tel: [phone]

Victoria Geoghegan

The directors of Evolution accept responsibility for the information contained in this announcement. To the best of the knowledge and belief of the directors (who have taken all reasonable care to ensure that such is the case), the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information.

 

END

 

 

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