Universe Group PLC Recommended Acquisition of Universe (2486T)

TIDMUNG

RNS Number : 2486T

Universe Group PLC

23 November 2021

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.

FOR IMMEDIATE RELEASE.

23 November 2021

Universe Group PLC

Recommended Acquisition of Universe

Universe Group PLC ("Universe" or the "Company"), a leading developer and supplier of retail management solutions, payment and loyalty systems, draws shareholders' attention to the announcement (the "Rule 2.7 Announcement") made today by Inform Information Systems Limited setting out their firm intention to make an offer for the entire issued and to be issued share capital of the Company and that this is being recommended by the board of Universe.

In accordance with Rule 26.1 of the Takeover Code, a copy of the Rule 2.7 Announcement will be made available, subject to certain restrictions relating to persons resident in certain restricted jurisdictions (details of which can be found in the Rule 2.7 Announcement), on the Company's website at https://universeplc.com/investor-relations/ by no later than 12 noon (London time) on the first business day following the date of this announcement.

For the avoidance of doubt, neither the contents of this website nor any website accessible from hyperlinks is incorporated into or forms part of this announcement.

 
 
   For further information: 
 Universe Group plc                            T: +44 2380 689 510 
  Andrew Blazye, Executive Chairman 
  Neil Radley, Chief Executive Officer 
  Adrian Wilding, Chief Financial Officer 
 finnCap (Financial Adviser)                      T : +44 2072 200 
  Henrik Persson/ Seamus Fricker (Corporate                    500 
  Finance) 
  Richard Chambers (ECM) 
 
 IFC Advisory (PR and Investor Relations)     T : +44 203 934 6632 
 Tim Metcalfe/Florence Chandler

finnCap Ltd which is regulated in the United Kingdom by The Financial Conduct Authority is acting for the Company in relation to the matters described in this announcement and will not be responsible to anyone other than Universe for providing the protections afforded to clients of finnCap or for providing advice in relation to any other matters referred to in this announcement. Neither finnCap nor any of its subsidiaries, affiliates or branches owes or accepts any duty, liability or responsibility whatsoever (whether direct, indirect, consequential, whether in contract, in tort, under statute or otherwise) to any person who is not a client of finnCap in connection with this announcement, any statement contained in this announcement or otherwise.

Rule 2.9

In accordance with Rule 2.9 of the Code, as at the close of business on 22 November 2021 (being the business day prior to the date of this announcement), Universe confirms that it had in issue 261,066,720 ordinary shares of GBP 1 pence each in the capital of the Company ("Ordinary Shares") and admitted to trading on the AIM Market of the London Stock Exchange. The International Securities Identification Number of the Ordinary Shares is GB0009483594 .

Disclosure requirements of the Code

Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of any class of relevant securities of an offeree company or of any securities exchange offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any securities exchange offeror is first identified. An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) of the Code applies must be made by no later than 3.30 pm (London time) on the 10th business day following the commencement of the offer period and, if appropriate, by no later than 3.30 pm (London time) on the 10th business day following the announcement in which any securities exchange offeror is first identified. Relevant persons who deal in the relevant securities of the offeree company or of a securities exchange offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure.

Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1% or more of any class of relevant securities of the offeree company or of any securities exchange offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any securities exchange offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s), save to the extent that these details have previously been disclosed under Rule 8 of the Code. A Dealing Disclosure by a person to whom Rule 8.3(b) of the Code applies must be made by no later than 3.30 pm (London time) on the business day following the date of the relevant dealing.

If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a securities exchange offeror, they will be deemed to be a single person for the purpose of Rule 8.3 of the Code.

Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4 of the Code). Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Takeover Panel's website at www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the offer period commenced and when any offeror was first identified. You should contact the Panel's Market Surveillance Unit on +44 (0)20 7638 0129 if you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure.

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November 23, 2021 02:05 ET (07:05 GMT)

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