BLUE PRISM GROUP PLC ("BLUE PRISM")
BALI BIDCO LIMITED ("BALI BIDCO")
SS&C TECHNOLOGIES HOLDINGS, INC. ("SS&C")
On 28 September 2021, the boards of Blue Prism and Bali Bidco announced that they had reached agreement on the terms of a recommended firm offer for Blue Prism (the "Vista Offer"), to be implemented by means of a scheme of arrangement.
On 22 October 2021, Blue Prism announced the publication of the scheme circular in relation to the Vista Offer. That circular included notice of the shareholder meetings to approve the Vista Offer, which were scheduled to be held on 19 November 2021.
On 16 November 2021, Blue Prism announced that it had received a preliminary approach from SS&C with respect to a possible offer for Blue Prism and that it had adjourned the shareholder meetings to approve the Vista Offer until further notice.
On 24 November 2021, Blue Prism announced that it was reconvening the shareholder meetings to approve the Vista Offer for 9 December 2021.
Pursuant to Rule 2.6(d) and Section 4 of Appendix 7 of the Takeover Code, the Panel Executive has ruled that, unless the Executive consents otherwise, SS&C must, by 5.00pm on 2 December 2021, being the seventh day prior to the date of the shareholder meetings, either announce a firm intention to make an offer for Blue Prism under Rule 2.7 of the Code or announce that it does not intend to make an offer for Blue Prism. This deadline will cease to apply if, before that time, a third party other than SS&C has announced a firm intention to make an offer for Blue Prism under Rule 2.7.
Each of Blue Prism, Bali Bidco and SS&C has accepted this ruling.
26 November 2021