Intu Properties PLC -Statement re Possible Offer
intu confirms that it has not received an approach from the Consortium. The Board of intu has formed an independent committee comprising all directors of intu other than John Whittaker, who is connected to the Consortium. The independent committee will consider any approach from the Consortium, if made, and a further announcement will be made if and when appropriate.
In accordance with Rule 2.6(a) of the Code, the Consortium is required, by not later than 5.00 p.m. on 1 November 2018, to either announce a firm intention to make an offer for intu 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 in accordance with Rule 2.6(c) of the Code.
There can be no certainty that any proposal will be made or as to the terms on which any proposal might be made.