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2021-10-28

Extension of the PUSU Deadline

Daily Mail and General Trust plc (DMGT)
Extension of the PUSU Deadline

28-Oct-2021 / 07:00 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


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 THAT JURISDICTION

THIS ANNOUNCEMENT IS NOT AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE") AND THERE CAN BE NO CERTAINTY THAT AN OFFER WILL BE MADE EVEN IF THE PRE-CONDITIONS ARE SATISFIED OR WAIVED

 

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR IMMEDIATE RELEASE

28 October 2021

 

 

 

Daily Mail and General Trust plc ("DMGT") and Rothermere Continuation Limited ("RCL")

Extension of the PUSU Deadline

 

 

On 12 July 2021, DMGT announced a possible major reorganisation involving the sale of its Insurance Risk division ("RMS"), the Special Dividend and a possible cash offer by RCL to acquire the entire issued and to be issued share capital of DMGT not already owned by RCL (the "Possible Offer"), subject to the reservations and pre-conditions set out in that announcement (the "Reorganisation Announcement"). DMGT announced extensions of the original PUSU deadline set out in the Reorganisation Announcement, on 9 August 2021 and 30 September 2021 respectively (the "Extension Announcements"). Prior to this announcement, the PUSU deadline was 5.00 p.m. (London time) on 28 October 2021.

On 15 September 2021, DMGT announced the completion of the sale of RMS ("RMS Announcement"), which followed the listing of Cazoo Group Ltd on 27 August 2021, thereby satisfying two non-waivable pre-conditions set out in

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