Update on formal sales process (5901R)

TIDMDTZ

RNS Number : 5901R

DTZ Holdings PLC

07 November 2011

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 THAT JURISDICTION

7 November 2011

DTZ Holdings plc

('DTZ / 'Group' / 'Company')

Update on formal sale process

On 19 October 2011, DTZ announced that it was evaluating preliminary expressions of interest from parties potentially interested in acquiring DTZ by implementing a formal sale process of the company.

That formal sale process is ongoing and has attracted considerable interest in the business which DTZ continues to evaluate.

Based on the valuation of DTZ derived from proposals received to date, however, and, given the level of debt within DTZ, there is minimal value, if any, that may be attributed to the ordinary shares of DTZ, although the exact value is uncertain.

This announcement is not an announcement of a firm intention to make an offer under Rule 2.7 of the Code and there can be no certainty that an offer will be made, nor as to the terms on which any offer will be made.

-ends-

For further information contact:

Oriel Securities (Financial Adviser and Broker to DTZ) 020 7710 7600

David Arch

Emma Griffin

Blythe Weigh Communications 020 7138 3204

Paul Weigh

Tim Blythe

Oriel Securities Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for DTZ and no one else in connection with the matters referred to in this announcement and will not be responsible to anyone other than DTZ for providing the protections afforded to clients of Oriel Securities Limited or for providing advice in connection with the matters referred to herein.

Notes to editors

DTZ is a global real estate services firm with offices in 145 cities and 43 countries (across Europe, Middle East and Africa, Asia Pacific and the Americas). The firm provides advice and on-the-ground delivery to investors, developers, corporate and public sector occupiers and financial intermediaries. DTZ works with clients across the breadth of their real estate needs, spanning all real estate sectors and encompassing Investment Agency, Leasing Agency and Brokerage, Property Management, Project Management and Building Consultancy, Valuation, Investment and Asset Management, Consulting, and Research. The parent company, DTZ Holdings plc, has been listed on the London Stock Exchange since 1987. www.DTZ.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

OFDGLBDBDUGBGBR

Grafico Azioni Dtz (LSE:DTZ)
Storico
Da Feb 2025 a Mar 2025