28th Apr 2022 16:36
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
For Immediate Release 28 April 2022
Ultra Electronics Holdings plc
("Ultra")
Update Regarding the Recommended Cash Acquisition of Ultra by Cobham Ultra Acquisitions Limited
("Cobham") (the "Acquisition")
Ultra notes the announcement by Her Majesty's Government ("HMG") today. Since the Secretary of State for Business Energy and Industrial Strategy issued a Public Interest Intervention Notice in respect of the Acquisition on 18 August 2021, Ultra has worked proactively and collaboratively with HMG and the Competition and Markets Authority to enable them to complete their review processes. This has included offering its assistance in the preparation of suitable undertakings to protect UK national security interests.
Ultra continues to offer its full support to Cobham to refine and agree those undertakings with HMG at the earliest opportunity, with the objective of obtaining clearance of the Acquisition in lieu of a phase 2 reference.
A further announcement will be made as and when appropriate. This announcement has been made by Ultra with the agreement of Cobham.
Enquiries: Ultra Electronics Holdings plc |
|
Simon Pryce, Chief Executive | +44 (0) 20 8813 4307 |
Jos Sclater, Chief Financial Officer |
|
Gabriella Colley, SVP Investor Relations | +44 (0) 7891 206 239 |
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Financial PR adviser: MHP | +44 (0) 20 3128 8570 |
Tim Rowntree / Pete Lambie | +44 (0) 7710 032 [email protected] |
About Ultra
Ultra provides application-engineered solutions in the key elements of mission critical and intelligent systems. Through innovative problem solving, using sustainable capabilities, and evolving technologies, we deliver outstanding solutions to our customers' most complex problems in defence, security, critical detection and control environments.
www.ultra.group
Rule 26.1 Disclosure
In accordance with Rule 26.1 of the City Code on Takeovers and Mergers, a copy of this announcement will be available at www.ultra.group by no later than 12 noon (London time) on the business day following this announcement. The content of the website referred to in this announcement is not incorporated into and does not form part of this announcement.
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