TIDMYEW
RNS Number : 9485A
Yew Grove REIT PLC
08 February 2022
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 OR REGULATIONS OF THAT
JURISDICTION
FOR IMMEDIATE RELEASE
8 FEBRUARY 2022
Recommended acquisition of Yew Grove REIT plc by Slate Office
Ireland Investment Limited , an indirect wholly-owned subsidiary of
Slate Office REIT
Scheme effective and completion of the Acquisition
Yew Grove REIT plc ("Yew Grove") and Slate Office REIT ("Slate")
are pleased to announce that the scheme of arrangement under
Chapter 1 of Part 9 of the Companies Act 2014 (the "Scheme") in
connection with the recommended cash offer by Slate Office Ireland
Investment Limited ("Bidco"), an indirect wholly-owned subsidiary
of Slate, for the entire issued and to be issued share capital of
Yew Grove (the "Acquisition"), became effective at 6.30 p.m.
yesterday, 7 February 2022.
Despatch of cheques and electronic transfers to Euroclear Bank
for the cash consideration payable by Bidco to Scheme Shareholders
under the terms of the Scheme will be effected by no later than 21
February 2022.
Trading of Yew Grove Shares on the Euronext Dublin Market and
AIM has been suspended from 7:30 a.m. today and cancellation of
trading of Yew Grove Shares on the Euronext Dublin Market and AIM
will take effect from 7:00 a.m. on 9 February 2022.
Except as otherwise defined herein, capitalised terms used but
not defined in this announcement have the same meanings as given to
them in the scheme document published by Yew Grove on 30 November
2021.
Enquiries:
Yew Grove Press enquiries
Jonathan Laredo / Charles Peach Tel: +353 1 485 3950
Goodbody, (Financial Adviser, Corporate Broker and
Rule 3 Adviser to Yew Grove)
Finbarr Griffin / David Kearney / John Flynn Tel: +353 1 667
0420
Liberum Capital Limited, (Corporate Broker and
Nomad to Yew Grove)
Richard Crawley / Jamie Richards Tel: +44 20 3100 2000
IFC Advisory Limited, (PR adviser to Yew Grove)
Tim Metcalfe / Graham Herring Tel: +44 20 3934 6630
IBI Corporate Finance (Financial Adviser to Slate)
Tom Godfrey / Laurence O'Shaughnessy Tel: +353 1 963 1200
Slate Press enquiries
Karolina Kmiecik Tel: +1 312 847 1486
Statements required by the Takeover Rules
The Yew Grove Directors accept responsibility for the
information contained in this announcement relating to Yew Grove.
To the best of the knowledge and belief of the Yew Grove Directors
(who, in each case, have taken all reasonable care to ensure such
is the case), the information contained in this announcement for
which they accept responsibility is in accordance with the facts
and does not omit anything likely to affect the import of such
information.
The Slate Directors and the Bidco Directors accept
responsibility for the information contained in this announcement
relating to Slate and Bidco. To the best of the knowledge and
belief of the Slate Directors and the Bidco Directors (who, in each
case, have taken all reasonable care to ensure that this is the
case), the information contained in this announcement for which
they accept responsibility is in accordance with the facts and does
not omit anything likely to affect the import of such
information.
Goodbody Stockbrokers UC ("Goodbody"), which in Ireland is
regulated by the Central Bank of Ireland and in the United Kingdom
is authorised and subject to limited regulation by the Financial
Conduct Authority, is acting exclusively for Yew Grove and no one
else in connection with the matters referred to in this
announcement and will not be responsible to anyone other than Yew
Grove for providing the protections afforded to clients of
Goodbody, or for providing advice in connection with the matters
referred to in this announcement. Neither Goodbody nor any of its
subsidiaries or affiliates owes or accepts any duty, liability or
responsibility whatsoever (whether direct or indirect, whether in
contract, in tort, under statute or otherwise) to any person who is
not a client of Goodbody in connection with this announcement or
any matter referred to herein.
Liberum Capital Limited ("Liberum"), which is authorised and
regulated in the United Kingdom by the Financial Conduct Authority,
is acting exclusively for Yew Grove and no one else in connection
with the matters described in this announcement. Liberum will not
regard any other person (whether or not a recipient of this
announcement) as its client in relation to the matters described in
this announcement and will not be responsible to anyone other than
Yew Grove for providing the protections afforded to its clients or
for providing any advice in relation to matters or arrangements
referred to herein. Apart from the responsibilities and
liabilities, if any, which may be imposed on Liberum by the
Financial Services and Markets Act 2000 or the regulatory regime
established thereunder, or under the regulatory regime of any
jurisdiction where the exclusion of liability under the relevant
regulatory regime would be illegal, void or unenforceable, Liberum
does not accept any responsibility whatsoever for, and makes no
representation or warranty, express or implied, as to the contents
of this announcement or for any other statement made or purported
to be made by it, or on its behalf, in connection with Yew Grove
and nothing in this announcement will be relied upon as a promise
or representation in this respect, whether or not to the past or
future. Liberum accordingly, to the fullest extent permitted by
law, disclaims all and any responsibility or liability, whether
arising in tort, contract or otherwise (save as referred to above),
which it might otherwise have in respect of this announcement or
any such statement.
IBI Corporate Finance Limited (trading as "IBI Corporate
Finance") is acting exclusively as financial adviser to Slate and
Bidco and no one else in connection with the matters referred to in
this announcement and will not be responsible to anyone other than
Slate and Bidco for providing the protections afforded to its
clients, or for providing advice in relation to the matters set out
in this announcement. Neither IBI Corporate Finance nor any of its
affiliates owes or accepts any duty, liability or responsibility
whatsoever (whether direct or indirect, whether in contract, in
tort, under statute or otherwise) to any person who is not a client
of IBI Corporate Finance in connection with this announcement or
any matter referred to herein.
General
The laws of the relevant jurisdictions may affect the
availability of the Acquisition to persons who are not resident in
Ireland or the United Kingdom. Persons who are not resident in
Ireland or the United Kingdom, or who are subject to laws of any
jurisdiction other than Ireland or the United Kingdom, should
inform themselves about, and observe, any applicable legal or
regulatory requirements. Any failure to comply with the applicable
legal or regulatory requirements may constitute a violation of the
laws and/or regulations of any such jurisdiction. To the fullest
extent permitted by applicable law, the companies and persons
involved in the Acquisition disclaim any responsibility and
liability for the violation of such restrictions by any person.
The release, publication or distribution of this announcement in
or into certain jurisdictions may be restricted by the laws of
those jurisdictions. Accordingly, copies of this announcement and
all other documents relating to the Acquisition are not being, and
must not be, released, published, mailed or otherwise forwarded,
distributed or sent in, into or from any restricted jurisdiction.
Persons receiving such documents (including, without limitation,
nominees, trustees and custodians) should observe these
restrictions. Failure to do so may constitute a violation of the
securities laws of any such jurisdiction. To the fullest extent
permitted by applicable law, Slate, Bidco and Yew Grove disclaim
any responsibility or liability for the violations of any such
restrictions by any person.
Time
All references to times are to Irish time unless otherwise
stated.
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END
MSCUPUQAPUPPGRM
(END) Dow Jones Newswires
February 08, 2022 01:59 ET (06:59 GMT)
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