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Arcline Investment Management LP announced on 01 April 2026 that it is not intending to make an offer for Senior plc. This statement falls under Rule 2.8 of the City Code on Takeovers and Mergers, with Arcline reserving the right to set aside Rule 2.8 restrictions under specific circumstances.
| Date | 1 Apr 2026 |
| Time | 08:55:40 |
| Category | Corporate updates |
| ID | 0321Z |
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION
THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE")
FOR IMMEDIATE RELEASE
01 April 2026
No intention to make an offer for Senior plc ("Senior")
Arcline Investment Management LP ("Arcline") announces that it is not intending to make an offer for Senior.
This is a statement to which Rule 2.8 of the Code applies.
Under Note 2 on Rule 2.8 of the Code, Arcline reserves the right to set the restrictions in Rule 2.8 aside in the following circumstances:
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with the agreement of the board of Senior; |
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if a third party announces a firm intention to make an offer for Senior, including either of Advent International Limited (in its capacity as adviser to Advent International, L.P., the manager of and / or adviser to certain private equity funds) or the consortium comprising Tinicum Incorporated and Blackstone Private Investments Advisors L.L.C. (on behalf of certain of their respective affiliated investment funds or vehicles); |
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if Senior announces a Rule 9 waiver (see Note 1 of the Notes on Dispensations from Rule 9 of the Code) or a reverse takeover (as defined in the Code); or |
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if there has been a material change of circumstances (as determined by the Takeover Panel). |