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 ANNOUNCEMENT IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE").
FOR IMMEDIATE RELEASE
12 July 2022
Statement regarding Global Ports Holding plc ("GPH")
Further to the announcement made by GPH on 15 June 2022, SAS Shipping Agencies Services Sarl ("SAS"), a wholly-owned indirect subsidiary of Mediterranean Shipping Company S.A. ("MSC"), today confirms that it does not intend to make an offer for GPH.
This is a statement to which Rule 2.8 of the Code applies.
Under Note 2 on Rule 2.8 of the Code, SAS reserves the right to set the restrictions in Rule 2.8 aside in the following circumstances:
(i) with the agreement of the board of GPH;
(ii) if a third party announces a firm intention to make an offer for GPH;
(iii) if GPH announces a Rule 9 waiver proposal (see Note 1 of the Notes on Dispensations from Rule 9) or a reverse takeover (as defined in the Code); and
(iv) if there has been a material change of circumstances (as determined by the Takeover Panel).
Enquiries:
| MSC / SAS | +41 22 797 70 00 |
| Simone Gardella Luca Del Nunzio
| |
Important notices
In accordance with Rule 26.1 of the Code, a copy of this announcement will be available on MSC's website at www.msc.com. 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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