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| Date | 20 Jul 2023 |
| Time | 10:00:01 |
| Category | Corporate updates |
| ID | 6662G |
Cake Box Holdings plc
("Cake Box", "the Company" or "the Group")
Response to Press Speculation
The Company notes the recent press speculation.
The Company confirms that it received an unsolicited approach from River Capital to acquire the entire issued and to be issued share capital of the Company (the "Indicative Approach"). The Indicative Approach was made in early June and with an indicative price of 160 pence a share.
The Board unequivocally rejected the Indicative Approach as materially undervaluing the Company and no further discussions with River Capital have taken place.
This announcement has been made without the consent of River Capital.
For further information, please contact:
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Cake Box Holdings plc Sukh Chamdal, CEO Michael Botha, CFO
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Enquiries via MHP |
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Shore Capital (Nomad and Joint Broker) Stephane Auton Patrick Castle
Liberum (Joint Broker) Clayton Bush Tim Medak Edward Thomas
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+44 (0) 20 7408 4090
+44 (0) 20 3100 200 |
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MHP Charlie Barker Robert Collett-Creedy
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+44 (0) 7834 623818 |