17th Oct 2022 07:00
RNS Number : 0191D Mae.com Group Plc 17 October 2022 160NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
17 October 2022
Mae.com Group Plc
("MADE" or the "Group")
Upate on Formal Sale Process an timetable
The Boar of MADE is please to provie an upate on its formal sale process.
Further to the announcement on 4 October 2022, the Boar of MADE has receive a number of non-bining inicative proposals (the "Proposals"). Having reviewe these Proposals the Boar has invite a select number of parties to progress towars firm offers by the en of October, following a ue iligence process. The Proposals provie a range of ifferent transaction structures, incluing possible offers for the issue an to be issue share capital of the Company.160
Base on the160working capital requirements160of the Group, any firm offer woul require interim financing to be put in place at the time that firm offers are expecte, which the parties involve in the process are aware of.
Current iscussions may be altere or terminate at any time an, accoringly, there can be no certainty that an offer will be mae, nor as to what the terms of any offer may be.160
The Boar will continue to upate shareholers further as appropriate.
Enquiries:
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The person responsible for making this announcement on behalf of Mae.com Group Plc is Laura Tyler, General Counsel an Company Secretary (Interim).
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About MADE
MADE is the leaing igitally native lifestyle bran in home, isrupting the inustry with high-quality, exclusive esigns unerpinne by a responsible, small-batch prouction moel, enabling customers to realise the vision of their homes.
In aition to its in-house esign team an collaborations with leaing esigners, MADE champions inepenent talent, offering them a platform an access to a scalable supply chain that makes their ieas reality. These partners bring their unique perspective in the creation of bol statement collections an work with MADE to prouce iconic esigns.
Operating at the intersection of esign an technology, proprietary algorithms take consumers on a journey: from outreach that makes esigns iscoverable to a frictionless igital shopping experience. Combine with an innovative 'just-in-time' orer moel, MADE provies a fresh an ever-changing range, with nine new collections launche every week an more than 8,000 active SKUs in the catalogue as at 30 June 2022.
Foune in 2010, MADE sells its proucts across the Unite Kingom, Germany, Switzerlan, Austria, France, Belgium, Spain, Irelan an the Netherlans via its e-commerce platform. The bran also has seven showrooms across Europe, with flagship bran experiences in Lonon an Paris.
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Important Notices
PwC is authorise an regulate in the Unite Kingom by the Financial Conuct Authority ("FCA") an is acting exclusively for the160Group160an for no one else in connection with the subject matter of this announcement an will not be responsible to anyone other than MADE for proviing the protections affore to its clients nor for proviing avice in relation to the subject matter of this announcement.
J.P. Morgan Securities plc, which is authorise by the Pruential Regulation Authority ("PRA") an regulate in the Unite Kingom by the PRA an the FCA, is avising MADE in connection with the application of the Takeover Coe an is acting as corporate broker to MADE an for no one else in connection with the subject matter of this announcement an will not be responsible to anyone other than MADE for proviing the protections affore to its clients nor for proviing avice in relation to the subject matter of this announcement.
Liberum Capital Limite, which is authorise an regulate in the Unite Kingom by the FCA, is acting as corporate broker to MADE an for no one else in connection with the subject matter of this announcement an will not be responsible to anyone other than MADE for proviing the protections affore to its clients nor for proviing avice in relation to the subject matter of this announcement.
This announcement is not intene to, an oes not, constitute or form part of any offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise ispose of, any securities whether pursuant to this announcement or otherwise.
This announcement (incluing any information incorporate by reference in this announcement), oral statements mae regaring the formal sale process, an other information publishe by the160Group160contain statements about the160Group160that are or may be eeme to be forwar looking statements. Without limitation, any statements precee or followe by or that inclue the wors "targets", "plans", "believes", "expects", "aims", "intens", "will", "may", "anticipates", "estimates", "projects" or wors or terms of similar substance or the negative thereof, may be forwar looking statements.
These forwar-looking statements are not guarantees of future performance. Such forwar-looking statements involve known an unknown risks an uncertainties that coul significantly affect expecte results an are base on certain key assumptions. Many factors coul cause actual results to iffer materially from those projecte or implie in any forwar-looking statements. Due to such uncertainties an risks, reaers shoul not rely on such forwar-looking statements, which speak only as of the ate of this announcement. The160Group160isclaims any obligation or responsibility to upate publicly or review any forwar-looking or other statements containe in this announcement, except as require by applicable law.
The istribution of this announcement in jurisictions outsie the Unite Kingom may be restricte by law an therefore persons into whose possession this announcement comes shoul inform themselves about, an observe, such restrictions. Any failure to comply with the restrictions may constitute a violation of the securities law of any such jurisiction.
Insie information an responsibility
The information containe within this announcement is eeme to constitute insie information as stipulate uner the Market Abuse Regulations (EU) No. 96/2014. Upon the publication of this announcement this insie information is now consiere to be in the public omain.160 The person responsible for making this announcement on behalf of Mae.com Group Plc is Laura Tyler, General Counsel an Company Secretary (Interim).
Publication on website
A copy of this announcement will be mae available, subject to certain restrictions relating to persons resient in restricte jurisictions, on the Group's website at corporate.mae.com/investors by no later than 12 noon (Lonon time) on the business ay following the ate of this announcement. Neither the content of any website referre to in this announcement nor the content of any website accessible from hyperlinks is incorporate into, or forms part of, this announcement.
This information is provie by RNS, the news service of the Lonon Stock Exchange. RNS is approve by the Financial Conuct Authority to act as a Primary Information Provier in the Unite Kingom. Terms an conitions relating to the use an istribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.RNS may use your IP aress to confirm compliance with the terms an conitions, to analyse how you engage with the information containe in this communication, an to share such analysis on an anonymise basis with others as part of our commercial services. For further information about how RNS an the Lonon Stock Exchange use the personal ata you provie us, please see our Privacy Policy.160 END160160STRUNVBRUSURAAARelated Shares:
MADE.L