GlobalData Plc (“GlobalData” or the “Company”)
Extension of Rule 2.6 Deadline
On 30 April 2025, the Board of GlobalData (the “Board”) announced that it had received preliminary, conditional proposals from each of (i) funds managed and/or advised by ICG Europe Fund IX GP S.a.r.l. on behalf of ICG Europe Fund IX SCSP (“ICG”); and (ii) Kohlberg Kravis Roberts & Co. Partners LLP, in its capacity as subadvisor to Kohlberg Kravis Roberts & Co. L.P., acting as an advisor to its affiliated investment funds and separately managed accounts (“KKR”), regarding a possible cash offer for the entire issued and to be issued share capital of GlobalData, with an option for GlobalData shareholders to elect for an unlisted equity alternative (the “Proposals”).
The announcement stated that ICG and KKR were each required, by not later than 5.00 p.m. (London time) on 28 May 2025, to either announce a firm intention to make an offer for the Company in accordance with Rule 2.7 of the Code or announce that they do not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies.
The Board remains in discussions with ICG. Accordingly, the Board and the Panel on Takeovers and Mergers have consented to an extension of the deadline set out above in respect of ICG only.
Consequently, in accordance with Rule 2.6(a) of the Code, ICG is now required, by not later than 5.00 p.m. (London time) on 11 June 2025, to either announce a firm intention to make an offer for the Company in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can be extended with the consent of the Panel on Takeovers and Mergers in accordance with Rule 2.6(c) of the Code.
Discussions with KKR have now been terminated as agreement on terms could not be reached.
There can be no certainty that any firm offer for GlobalData will be made, nor as to the terms on which it might be made.
A further announcement will be made if and when appropriate.