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Theo Fennell PLC  -  TFL   

Further extension to deadline

Released 07:00 30-Nov-2012

RNS Number : 3753S
Theo Fennell PLC
30 November 2012
 



30 November 2012

 

THEO FENNELL PLC

("Theo Fennell" or "the Company")

Further extension to deadline

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 "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.

Further extension to deadline in accordance with Rule 2.6(c)

On 31 October 2012, the Company announced that, in accordance with Rule 2.6(a) of the Code, EME Capital LLP ("EME") must, by not later than 5.00 p.m. on 30 November 2012, either announce a firm intention to make an offer for the Company in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. The Company also announced that it could approach the Panel for a further extension to this deadline in due course in accordance with Rule 2.6(c) of the Code.

Following such a request from the Board of Theo Fennell, the Panel has consented to a further extension of the deadline by which EME must either announce a firm intention to make an offer for the Company or announce that it does not intend to make an offer for the Company to 5.00 p.m. on 11 January 2013. This deadline will only be extended with the consent of the Panel in accordance with Rule 2.6(c) of the Code.

The Company remains in offer discussions with EME who are currently reviewing information which has been made available by the Company. The anticipated timetable for the completion of these discussions is consistent with the newly extended deadline.

There can be no certainty that an offer will be made for the Company nor as to the terms on which any offer may be made.

 

Enquiries:

 

Opus Corporate Finance                                         Tel: 0207 025 3600

Malcolm Strang / John McElroy (Financial

advisor and Rule 3 advisor )

 

Pelham Bell Pottinger                                             Tel: 020 7861 3885

James Henderson /Lucy Miles

 

Seymour Pierce Limited                                         Tel: 020 7107 8000

Katie Ratner (Corporate Broking)

Mark Percy / Catherine Leftley (Nominated

Adviser)

 

 

DISCLAIMER

Opus Corporate Finance LLP ("Opus") which is regulated in the United Kingdom by The Financial Services Authority is acting for the Company in relation to the matters described in this announcement and is not advising any other person, and accordingly will not be responsible to anyone other than the Company for providing the protections afforded to customers of Opus or for providing advice in relation to the matters described in this announcement.

Seymour Pierce Limited ("Seymour Pierce") which is regulated in the United Kingdom by The Financial Services Authority is acting for the Company in relation to the matters described in this announcement and is not advising any other person, and accordingly will not be responsible to anyone other than the Company for providing the protections afforded to customers of Seymour Pierce or for providing advice in relation to the matters described in this announcement.

This information is provided by RNS

The company news service from the London Stock Exchange

END

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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Further extension to deadline - RNS