Cambria Automobiles update from Killik & Co

On 9 June 2021, the boards of Cambria Bidco Limited and Cambria Automobiles plc (LON:CAMB) issued an announcement stating that they had reached agreement on the terms of a recommended cash offer for the entire issued and to be issued share capital of Cambria to be made by Bidco, and on 30 July 2021 it was announced that Bidco had elected, with the consent of the Panel, to implement the Offer by way of a Takeover Offer under Part 28 of the Companies Act 2006.

On 16 June 2021, Bidco received a Letter of Intent from Killik & Co LLP in respect of 1,847,072 Cambria Shares owned and/or controlled by it, representing approximately 1.85 per cent. of the Cambria Shares in issue as at the date hereof, to vote in favour of the Scheme at the Court Meeting and the Resolutions to be proposed at the General Meeting (and, in the event that the Offer was implemented by way of a Takeover Offer, to accept or procure acceptance of the Takeover Offer).

On 26 July 2021, Killik announced that it had sold 15,237 of the Killik Controlled Shares and on 2 August 2021, Killik confirmed to Bidco and Cambria that its intention under the Letter of Intent with respect to the remaining Killik Controlled Shares remained unchanged. As a result, Killik’s Letter of Intent to accept (or procure the acceptance of) the Offer remains in place in respect of 1,831,835 Killik Controlled Shares.

Accordingly, Bidco is making this Announcement as required by Rule 2.10(c)(ii) of the Code.

Click to view all articles for the EPIC: ,
Or click to view the full company profile:
    Share on facebook
    Share on twitter
    Share on linkedin
    Cambria Automobiles PLC

    More articles like this

    Fintel plc

    Fintel core revenue growth is higher than Zeus forecast

    Fintel plc (LON:FNTL), the leading provider of Fintech and support services to the UK retail financial services sector, has released a trading update for the six months to 30 June 2022, which reveals: Core revenue grew c.9% to

    Shoe Zone plc

    Shoe Zone analyst Zeus upgrades FY22 adjusted PBT forecast

    Shoe Zone plc (LON:SHOE) Better than expected demand and further strong margin performance leads to an upgrade in FY22E adjusted PBT from “no less than £8.5m” to “no less than £9.5m”. Zeus revenue forecasts increase by £1.5m (1.0%)

    OnTheMarket Plc

    OnTheMarket analyst Zeus confident in forecasts

    Foxtons, one of London’s leading estate agencies with more than 50 interconnected branches across London, has signed an agreement to advertise its UK residential sales and letting properties at OnTheMarket plc (LON:OTMP). Zeus view: Foxtons, the well-known London

    SpaceandPeople analyst Zeus restores estimates and valuation

    SpaceandPeople plc (LON:SAL) secures, sells, and manages flexible space for brand experiences, short term promotions and retailing in high footfall venues for its customers, including in shopping centres and travel hubs. The Group has issued a positive pre-close

    Lookers Plc

    Lookers shares are still undervalued says Zeus

    Lookers plc (LON:LOOK) has released an H1 trading update reporting a continuation of strong performance year to date. H1 2022 underlying PBT is expected to be c. £45m and Management anticipate full year PBT will also be ahead

    SysGroup plc

    SysGroup analyst Zeus forecast a 39.0% increase in revenue in FY23

    SysGroup plc (LON:SYS) is an award-winning provider of managed IT services, cyber security, cloud hosting and IT consultancy. The Group offers investors an attractive business model with high recurring revenue and a diversified customer base. SysGroup is competitively

    AFC Energy

    AFC Energy’s long term opportunity remains vast says Zeus

    AFC Energy plc (LON:AFC) has signed an agreement with another leading UK construction/infrastructure player, this time in Kier Group. We believe this further endorses our long term thesis that AFC will play an active role in encouraging the


    Inchcape performance exceeding expectations says Zeus

    Inchcape plc (LON:INCH) has released another positive trading update, with performance exceeding expectations so far this year. This follows on from a positive Q1 update on 28 April. Through quarterly improvement in Distribution volumes and operating margin, the

    boohoo Plc

    Boohoo Group analyst Zeus sees a strong performance in Q1

    ¨ Q1 financial highlights: Boohoo Group plc (LON:BOO) revenue of £445.7m is -8.3% YOY vs. a strong comp (Q1 FY22 revenue +32.1%), in line with Zeus’s forecast and management’s previously stated guidance. Gross sales growth remained positive +9%

    No more posts to show