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LONDON - EP UK Bidco Limited, a company indirectly owned by EP Group, a.s. and J&T Capital Partners (WA:CPAP), a.s., has announced the resumption of its offer timetable to acquire International Distribution Services plc (IDS). Regulatory conditions have been met, setting a new unconditional date of April 30, 2025, for the completion of the transaction.
The original offer, made public on May 29, 2024, was suspended on August 2, 2024, to allow time for the necessary regulatory approvals. With all regulatory conditions now satisfied, EP UK Bidco has confirmed the resumption of the offer process.
IDS shareholders who have yet to accept the offer are encouraged to do so before the unconditional date. The acceptance procedure requires certificated shares to be submitted with a Form of Acceptance by 1:00 p.m. on April 30, 2025, while uncertificated shares must be processed electronically through CREST by the same deadline.
If the offer is declared unconditional, EP UK Bidco will keep it open for at least 14 days post the unconditional date and will provide a 14-day notice before closing the offer to acceptances.
This development follows the complete satisfaction of the regulatory conditions stipulated in the offer document, which included approvals from antitrust and regulatory bodies across multiple jurisdictions, including Canada, the United States, the United Kingdom (TADAWUL:4280), Serbia, the European Union, Denmark, Austria, Germany, Romania, and Guernsey.
The offer remains subject to other conditions outlined in the offer document, particularly the Acceptance Condition. Further announcements will be made as necessary, with the first update on acceptance levels expected no later than 8:00 a.m. on the business day following this announcement.
The offer document and further details on how to accept the offer are available on IDS’s website, with some restrictions for residents in certain jurisdictions. Shareholders seeking assistance with the acceptance process can refer to the frequently asked questions or contact the designated helplines.
This news is based on a press release statement from EP UK Bidco Limited and International Distribution Services plc.
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