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Investor presentation regarding possible offer

18th May 2017 12:11

RNS Number : 5640F
Berendsen PLC
18 May 2017
 

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 THAT JURISDICTION.

FOR IMMEDIATE RELEASE

 

18 May 2017

Berendsen plc

Investor presentation regarding possible offer

 

Further to the announcement on 18 May 2017 by Elis SA ("Elis") and the earlier announcement made by the Board of Berendsen plc ("Berendsen" or the "Company"), Berendsen confirms that it has uploaded an investor presentation to its website at www.berendsen.com.

 

The Board of Berendsen unanimously concluded that the Revised Proposal received from Elis very significantly undervalues Berendsen and its prospects. Berendsen does not see the basis for any further discussions with Elis.

 

The investor presentation explains the benefits expected from the execution of Berendsen's strategy that was announced in March 2017 and why the Board is highly confident that the delivery of this strategy will generate significant future shareholder value.

 

 

Enquiries:

 

Berendsen

Pete Young, Head of Investor Relations +44 (0)7825 297 198

 

Credit Suisse (Financial adviser to Berendsen)

Jonathan Grundy +44 (0)207 888 8888

Joe Hannon

Vasyl Dutchak

 

J.P. Morgan Cazenove (Financial adviser and joint corporate broker to Berendsen)

Robert Constant +44 (0)20 7742 4000

Dwayne Lysaght

Richard Walsh

 

HSBC Bank plc (Financial adviser and joint corporate broker to Berendsen)

Mark Dickenson +44(0) 207 991 8888

Philip Noblet

Keith Welch

 

FTI Consulting

Richard Mountain +44 (0)20 3727 1374

 

Important notices

 

In accordance with Rule 26.1 of the Code, a copy of this announcement will be available on Berendsen's website at www.berendsen.com.The content of the website referred to in this announcement is not incorporated into and does not form part of this announcement.

 

This communication is not intended to and does not constitute an offer to buy or the solicitation of an offer to subscribe for or sell or an invitation to purchase or subscribe for any securities or the solicitation of any vote in any jurisdiction. The release, publication or distribution of this communication in whole or in part, directly or indirectly, in, into or from certain jurisdictions may be restricted by law and therefore persons in such jurisdictions should inform themselves about and observe such restrictions.

 

Credit Suisse International ("Credit Suisse"), which is authorised by the PRA and regulated by the FCA and the PRA in the United Kingdom, is acting as financial adviser exclusively for Berendsen and no one else in connection with the matters set out in this Announcement and will not be responsible to any person other than Berendsen for providing the protections afforded to clients of Credit Suisse, nor for providing advice in relation to the content of this announcement or any matter referred to herein. Neither Credit Suisse nor any of its subsidiaries, branches or affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Credit Suisse in connection with this announcement, any statement contained herein or otherwise.

 

J.P. Morgan Limited, which conducts its UK investment banking business as J.P. Morgan Cazenove ("J.P. Morgan Cazenove"), is authorised and regulated by the Financial Conduct Authority in the UK. J.P. Morgan Cazenove is acting exclusively as financial adviser to Berendsen and no one else in connection with the matters set out in this announcement and will not regard any other person as its client in relation to the matters set out in this announcement and will not be responsible to anyone other than Berendsen for providing the protections afforded to clients of J.P. Morgan Cazenove or its affiliates, or for providing advice in relation to the contents of this announcement or any other matter referred to herein.

 

HSBC Bank plc, which is authorised by the Prudential Regulation Authority and regulated in the United Kingdom by the FCA and the Prudential Regulation Authority, is acting as financial adviser to Berendsen and for no one else in connection with contents of this announcement and will not be responsible to anyone other than Berendsen for providing the protections afforded to its clients or for providing advice in relation to the contents of this announcement or any other matters referred to in this announcement.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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