To view the PDF file, sign up for a MySharenet subscription.

FIRSTRAND LIMITED - Further statement regarding possible offer for Aldermore Group PLC

Release Date: 16/10/2017 07:05
Code(s): FSRP FSR     PDF:  
Wrap Text
Further statement regarding possible offer for Aldermore Group PLC

FirstRand Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1966/010753/06)
JSE ordinary share code: FSR ISIN: ZAE000066304
JSE B preference share code: FSRP ISIN: ZAE000060141
NSX ordinary share code: FST


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN
WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO
WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS 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 "UK TAKEOVER CODE") AND THERE CAN BE NO CERTAINTY THAT ANY
TRANSACTION WILL PROCEED EVEN IF THE CONDITIONS REFERRED TO BELOW
ARE SATISFIED OR WAIVED, NOR AS TO THE TERMS OF ANY SUCH TRANSACTION


Further statement regarding possible offer for Aldermore Group PLC

On 13 October 2017, FirstRand Limited (“FirstRand”) announced a possible offer for
Aldermore Group PLC (“Aldermore”). In this announcement it was stated that the making of
any firm offer would be subject to the completion of satisfactory due diligence and the
unanimous recommendation of the Board of Aldermore. In accordance with Rule 2.5(c) of
the UK Takeover Code, FirstRand confirms that it will not waive the condition pertaining to
the completion of satisfactory due diligence, but can elect to waive the condition pertaining to
unanimous board recommendation.

Sandton

16 October 2017

Sponsor

RAND MERCHANT BANK (A division of FirstRand Bank Limited)



Enquiries:

FirstRand Limited

Sam Moss, Head of Investor Relations               Tel: +27 11 282 1341

Important notices

This announcement is not intended to, and does not, constitute or form part of any offer,
invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or
otherwise dispose of, any securities whether pursuant to this announcement or otherwise.

The distribution of this announcement in jurisdictions outside the United Kingdom may be
restricted by law and therefore persons into whose possession this announcement comes
should inform themselves about, and observe, such restrictions. Any failure to comply with the
restrictions may constitute a violation of the securities law of any such jurisdictions.

Publication on Website

A copy of this announcement will be available on FirstRand’s website at www.FirstRand.co.za
by no later than 12 noon (London time) on Tuesday 17 October 2017. The content of the
website referred to in this announcement is not incorporated into and does not form part of
this announcement.

Date: 16/10/2017 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story