LONDON - Media Concierge (Holdings) Limited has publicly refuted allegations of financial irregularities made by National World plc in response to its Possible Offer. The company categorically denies the claims, which it describes as "completely baseless," according to a statement released today.
The dispute arises amidst Media Concierge's ongoing efforts to acquire National World, a move that has been acknowledged by National World's board as potentially meritorious. Despite the allegations, Media Concierge urges National World shareholders to consider the merits of the Possible Offer and to encourage the board to engage in constructive dialogue.
Media Concierge's statement comes on the heels of recent developments and is part of a broader narrative surrounding the proposed acquisition. The company maintains its stance that the Possible Offer is in the best interest of National World's shareholders and is keen on proceeding with discussions.
The announcement made today is based on a press release statement and does not represent an official offer under Rule 2.7 of the Code. There is no certainty that any such offer will be made. The information disclosed is considered inside information under Article 7 of EU Regulation 596/2014, as incorporated into UK law.
The full statement from Media Concierge can be found on their website, and the capitalized terms within the announcement have been defined in accordance with the earlier announcement made pursuant to Rule 2.4 of the Code.
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