RNS Number : 1127D
Slingsby(H.C.)Plc
01 April 2025
 

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 SUCH JURISDICTION.

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK MARKET ABUSE REGULATIONS ("MAR").

 

 

1 April 2025

 

H C SLINGSBY PLC

("Slingsby", "the Group" or the "Company")

 

Conclusion of formal sale process

 

End of offer period

 

 

Further to the announcement on 11 February 2025, the board of Slingsby (the "Board") announces the conclusion of the formal sale process (the "FSP"), following a review of the progress of the FSP.

 

The Company announced on 11 February 2025 that it had commenced a FSP under the Takeover Code (the "Code") as part of the Board's review of various strategic options.

 

The Company conducted a targeted and strategic process, as indicated in the announcement of 11 February 2025 and engaged with a range of parties during the process. However, in the current climate and circumstances, the Company has not received a proposal that would lead to an offer for the Company and the Board does not believe that continuing or expanding the FSP process will deliver an outcome that would satisfactorily meet the interests of all stakeholders.  The Board therefore considers that it is in the interests of all shareholders to conclude the FSP at this stage and focus on the Group's operations and strategy.  

 

Following this announcement, the Company is no longer considered to be in an "offer period" as defined in the Code and the requirement to make disclosures under Rule 8 of the Code has now ceased.

 

Enquiries:

 

H C Slingsby PLC

Tel: 01274 535 030

Andrew Kitchingman, Non-Executive Chairman


Morgan Morris, Group Chief Executive

 

 


Allenby Capital Limited (Financial Adviser, Nominated Adviser and Broker)

Tel: 020 3328 5656

Alex Brearley / Ashur Joseph (Corporate Finance)

Amrit Nahal (Sales and Corporate Broking)


 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DISUAAWRVOUSRRR