13 April 2022
Slate Announcement And Update On Workspace Offer
The Board of McKay Securities Plc (“McKay” or the “Company”) notes the announcement released on 12 April 2022 by Slate Asset Management (“Slate”) under Rule 2.8 of the City Code on Takeovers and Mergers that it does not intend to make an offer for McKay.
The McKay Directors continue to recommend unanimously to McKay Shareholders the offer by Workspace Group PLC (“Workspace”) announced on 2 March 2022 (the “Workspace Offer”). McKay confirms that the Court Meeting and the General Meeting to consider the Workspace Offer will be held at Park Tower Hotel, 101 Knightsbridge, London SW1X 7RN, England on 27 April 2022 at 11.30 a.m. and 11.45 a.m. (or, if later, immediately after the conclusion or adjournment of the Court Meeting), respectively. Further details of both Meetings are set out in the circular in relation to the Workspace Offer (the “Scheme Document”) which was published on 29 March 2022. The Scheme Document also contains an expected timetable of principal events in relation to the Workspace Offer.
Capitalised terms used in this announcement (the “Announcement”) shall, unless otherwise defined, have the same meanings as set out in the Scheme Document. All references to times in this Announcement are to London, United Kingdom times unless stated otherwise.