In accordance with Rule 2.6(a) of the Code, each of Apollo Global Management and Bain Capital were required, by not later than 5.00 p.m. on 5 November 2018, 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.
Discussions remain ongoing with each of Apollo Global Management and Bain Capital and in accordance with Rule 2.6(c) of the Code, the Board of RPC requested that the Panel on Takeovers and Mergers (the “Panel”) extend the deadline referred to above with respect to these parties to enable continued discussions to take place. Accordingly, an extension has been granted by the Panel and each of Apollo Global Management and Bain Capital must, by no later than 5.00 p.m. on 3 December 2018, either announce a firm intention to make an offer for RPC 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 will only be extended with the consent of the Panel.
A further announcement will be made when appropriate. There can be no certainty that any offer will be made for the Company, nor as to the terms on which any offer might be made.