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On 10 June 2024, The MISSION Group plc noted an announcement from Brave Bison Group plc. Brave Bison Group plc confirmed it does not intend to make an offer for MISSION Group plc. As a result, Brave Bison is now bound by the restrictions set out in Rule 2.8 of the Takeover Code.
| Date | 10 Jun 2024 |
| Time | 08:56:46 |
| Category | Corporate updates |
| ID | 7837R |
FOR IMMEDIATE RELEASE
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 SUCH JURISDICTION
10 June 2024
The MISSION Group plc
("MISSION", the "Company" or the "Group")
RESPONSE TO RULE 2.8 ANNOUNCEMENT BY BRAVE BISON GROUP PLC
MISSION Group plc (AIM: TMG), notes the announcement released earlier today by Brave Bison Group plc ("Brave Bison") confirming that it does not intend to make an offer for MISSION. As a result, Brave Bison is bound by the restrictions set out in Rule 2.8 of the Takeover Code.
The board of MISSION is confident in MISSION's standalone prospects. As previously announced on 17 January 2024, the Board of MISSION has set out how it expects to realise value for MISSION's shareholders through its standalone strategy and execution of the Group's Value Restoration Plan, which is now well underway. The Board of MISSION also remains confident that during the remainder of the year, it will deliver on its plan to reduce leverage.
ENDS
ENQUIRIES:
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David Morgan, Non-Executive Chair James Clifton, Chief Executive Officer Giles Lee, Chief Financial Officer The MISSION Group plc |
Via Houston |
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Simon Bridges / Julie Langley / Andrew Potts / Harry Rees |
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Canaccord Genuity Limited (Financial Adviser, Nominated Adviser and Broker) |
020 7523 8000 |
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Kate Hoare / Alexander Clelland / India Spencer |
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HOUSTON (Financial PR and Investor Relations) |
0204 529 0549 |
Canaccord Genuity Limited, which is authorised and regulated in the United Kingdom by the FCA, is acting as financial adviser and corporate broker exclusively for MISSION and for no one else in connection with the Revised Possible Offer and will not regard any other person as its client in relation to the matters referred to in this announcement and will not be responsible to anyone other than MISSION for providing the protections afforded to clients of Canaccord Genuity Limited, nor for providing advice in relation to the Revised Possible Offer or any other matter referred to in this announcement.
Publication of this announcement
In accordance with Rule 26.1 of the Code, a copy of this announcement will be available on the Company's website at https://www.themission.co.uk/ by no later than 12 noon (London time) on the business day following the date of this announcement. The content of the website referred to in this announcement is not incorporated into and does not form part of this announcement.