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On 07 March 2022, Oxford Instruments plc noted an announcement from Spectris plc stating Spectris does not intend to make a firm offer for Oxford. The proposal that led to this statement was unsolicited.
| Date | 7 Mar 2022 |
| Time | 07:02:52 |
| Category | Corporate updates |
| ID | 7809D |
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 SUCH JURISDICTION
FOR IMMEDIATE RELEASE
07 March 2022
Oxford Instruments plc
The Board of Oxford Instruments plc ("Oxford") notes the announcement made by Spectris plc earlier today that it does not intend to make a firm offer for Oxford.
The proposal was unsolicited and the Board continues to believe that Oxford has a clear and compelling strategy to achieve growth and create value for shareholders over the medium-term.
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Oxford Instruments |
Tel: 018 6539 3200 |
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Ian Barkshire, Chief Executive |
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Gavin Hill, Group Finance Director |
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J.P. Morgan Cazenove (Sole Financial Adviser and Corporate Broker to Oxford Instruments) |
Tel: 020 7742 4000 |
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Richard Perelman |
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James Robinson Mayank Chaturvedi |
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Disclaimer
J.P. Morgan Securities plc, which conducts its UK investment banking business as J.P. Morgan Cazenove ("J.P. Morgan Cazenove"), is authorised in the United Kingdom by the Prudential Regulation Authority (the "PRA") and regulated in the United Kingdom by the PRA and the Financial Conduct Authority. J.P. Morgan Cazenove is acting as financial adviser and corporate broker exclusively for Oxford Instruments and no one else in connection with the Proposal and will not regard any other person as its client in relation to the Proposal and will not be responsible to anyone other than Oxford Instruments for providing the protections afforded to clients of J.P. Morgan Cazenove or its affiliates, nor for providing advice in relation to the Proposal or any matter or arrangement referred to herein.