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LONDON - Marlowe plc, a UK-based company specializing in compliance services, has confirmed ongoing discussions with Mitie Group (LON:MTO) plc concerning a potential takeover bid for Marlowe’s issued and future share capital. This confirmation follows recent media speculation about a possible offer.
The company has clarified that there is no certainty of a firm offer being made or the conditions of any potential offer. Marlowe has advised its shareholders not to take any action at this time and anticipates making a subsequent announcement when more information is available.
Under the rules of the UK City Code on Takeovers and Mergers, Mitie has until 5:00 pm on July 2, 2025, to either declare its intention to make a definite offer for Marlowe or to state that it will not pursue the acquisition. This deadline may be extended with the Takeover Panel’s consent.
The announcement was made by Marlowe’s Chief Financial Officer, Adam Councell. Marlowe, listed on the AIM market of the London Stock Exchange (LON:LSEG), operates nationally, serving around 27,000 customers across various sectors, including small and medium-sized enterprises, local authorities, and FTSE 100 companies.
As per the Takeover Code’s disclosure requirements, any party with an interest of 1% or more in any class of relevant securities must make an Opening Position Disclosure within the set timeframe.
Marlowe’s share capital currently consists of 78,522,547 ordinary shares, each with a nominal value of 50 pence. The International Securities Identification Number (ISIN) for these shares is GB00BD8SLV43.
This information is based on a press release statement and the relevant legal and regulatory framework. Further details regarding the potential offer will be provided in accordance with the disclosure obligations set by the Takeover Code.
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