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Monday 16 October, 2017

FirstRand Limited

Further Statement re Possible Offer for Aldermore

RNS Number : 6242T
FirstRand Limited
16 October 2017
 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION    

THIS ANNOUNCEMENT IS NOT AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "UK TAKEOVER CODE") AND THERE CAN BE NO CERTAINTY THAT ANY TRANSACTION WILL PROCEED EVEN IF THE CONDITIONS REFERRED TO BELOW ARE SATISFIED OR WAIVED, NOR AS TO THE TERMS OF ANY SUCH TRANSACTION        

 

16 October 2017

 

FirstRand Limited

 

Further statement regarding possible offer for Aldermore Group PLC

On 13 October 2017, FirstRand Limited ("FirstRand") announced a possible offer for Aldermore Group PLC ("Aldermore"). In this announcement it was stated that the making of any firm offer would be subject to the completion of satisfactory due diligence and the unanimous recommendation of the Board of Aldermore. In accordance with Rule 2.5(c) of the UK Takeover Code, FirstRand confirms that it will not waive the condition pertaining to the completion of satisfactory due diligence, but can elect to waive the condition pertaining to unanimous board recommendation.

 

Enquiries:

FirstRand Limited

Sam Moss, Head of Investor Relations                                  Tel: +27 11 282 1341

Important notices

This announcement is not intended to, and does not, constitute or form part of any offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities whether pursuant to this announcement or otherwise.

The distribution of this announcement in jurisdictions outside the United Kingdom may be restricted by law and therefore persons into whose possession this announcement comes should inform themselves about, and observe, such restrictions. Any failure to comply with the restrictions may constitute a violation of the securities law of any such jurisdictions.

Publication on Website

A copy of this announcement will be available on FirstRand's website at www.FirstRand.co.za by no later than 12 noon (London time) on Tuesday 17 October 2017. The content of the website referred to in this announcement is not incorporated into and does not form part of this announcement.


This information is provided by RNS
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