Eddie Stobart Logistics - response to media speculation
"The Board of Eddie Stobart Logistics plc notes the recent media speculation and confirms that it has received a preliminary expression of interest from DBAY Advisors Limited (“DBAY”) in relation to a possible offer to be made by funds managed by DBAY for the entire issued, and to be issued, share capital of the Company.
There can be no certainty either that an offer will be made nor as to the terms of any offer, if made. A further announcement will be made when appropriate.
In accordance with Rule 2.6(a) of the Code, DBAY is required, by not later than 5.00 p.m. on 7 October 2019, either to announce a firm intention to make an offer for the Company in accordance with Rule 2.7 of the Code or to announce that it does not intend to make an offer for the Company, 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.
The person responsible for arranging the release of this announcement on behalf of Eddie Stobart is Anoop Kang, Chief Financial Officer."