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 OR REGULATIONS
OF THAT JURISDICTION.
THIS ANNOUNCEMENT CONTAINS INSIDE
INFORMATION.
For immediate
release
13
August 2024
Crest Nicholson Holdings plc
("Crest Nicholson")
Statement regarding Possible
Offer
The Board of Crest Nicholson
Holdings plc ("Crest Nicholson") notes the recent announcement by
Bellway p.l.c. ("Bellway") confirming that it does not intend to
make a firm offer for Crest Nicholson under Rule 2.8 of the
Takeover Code.
As previously announced, the Board
of Crest Nicholson had engaged with Bellway in relation to a
possible all-share offer for Crest Nicholson in response to a
series of unsolicited proposals from Bellway.
As outlined in its half year results
on 13 June 2024 for the period ended 30 April 2024, Crest Nicholson
remains confident in its standalone prospects, in particular given
conclusion of the review of provisions for completed development
sites supported by external consultants, its highly attractive land
portfolio and the new leadership of Martyn Clark.
This announcement has been made
without the consent of Bellway.
The person responsible for arranging
the release of this announcement on behalf of Crest Nicholson is
Penny Thomas, Group Company Secretary.
Enquiries:
|
Crest Nicholson Holdings plc
|
+44 (0) 19 3258 0555
|
|
Bill Floydd (Group Finance
Director)
Jenny Matthews (Head of Investor
Relations)
|
|
|
|
|
|
Teneo
|
+44 (0) 20 7260 2700
|
|
Financial communications adviser to Crest
Nicholson
|
|
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James Macey White
Giles Kernick
|
|
Further
information
This announcement is not intended to
and does not constitute an offer to sell or the solicitation of an
offer to subscribe for or buy 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 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
such restrictions may constitute a violation of the securities law
of any such jurisdiction.
Publication on
website
In accordance with Rule 26.1 of the
Code, a copy of this announcement will be available at
www.crestnicholson.com/investors promptly and in any event by no
later than 12 noon on the business day following this announcement.
The content of this website is not incorporated into and does not
form part of this announcement.