Statement re Signature Aviation plc

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 IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE UK CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE").

For immediate release

18 February 2021

Statement regarding Signature Aviation plc 

Carlyle Investment Management L.L.C. ("Carlyle") announces that, after careful consideration, it does not intend to make an offer for Signature Aviation plc ("Signature"). Accordingly this is a statement to which Rule 2.8 of the Code applies.

Under Note 2 on Rule 2.8 of the Code, Carlyle reserves the right to set the restrictions in Rule 2.8 aside in the following circumstances:

(a) with the agreement of the Board of Signature in the event Brown Bidco Limited's offer has been withdrawn or lapsed;

(b) if a third party other than the consortium comprising Blackstone, Global Infrastructure Partners and Cascade announces a firm intention to make an offer for Signature;

(c) if Signature announces a "whitewash" proposal (see Note 1 of the Notes on Dispensations from Rule 9) or a reverse takeover (as defined in the Code); or

(d) if there has been a material change of circumstances (as determined by the Takeover Panel).

Enquiries

Carlyle

Andrew Kenny, Director of Corporate Communications + 44 7816 176 120

Important information

This announcement is not intended to, and does not, constitute, represent or form part of any offer, invitation or solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of any securities or the solicitation of any vote or approval in any jurisdiction 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 jurisdiction.