Apollo Global Management: Statement Regarding Wm Morrison Supermarkets plc (“Morrisons”)

0


Apollo Global Management, Inc. (along with its subsidiaries, “Apollo”) takes note of recent press speculation regarding Morrisons and confirms that it is, on behalf of certain investment funds it manages, in the stages preliminary evaluation of a possible offer for Morrisons.

No representations have been made to the Morrisons board of directors. There can be no certainty that an offer will be made, nor as to the terms on which such an offer could be made.

In accordance with paragraph 4 (c) of Annex 7 of the Code, the Panel will announce the deadline by which Apollo must clarify its intentions regarding Morrisons.

Another announcement will be made if necessary.

For investor inquiries regarding Apollo, please contact:

Peter Mintzberg,
Head of Investor Relations
+1 212 822 0528

For media inquiries regarding Apollo, please contact:

Jeanne Rose,
Global Head of Corporate Communications
+1 212 822 0491

Morgan stanley (Apollo Financial Advisor)
Nick Bishop / Anthony Zammit / Anisha Singhal
+44 20 7425 8000

About Apollo

Apollo (NYSE: APO) is a high growth global alternative asset manager. Apollo seeks to provide its clients with excess return at every step of the risk-return spectrum, from investment grade to private equity, with a focus on three business strategies; yield, hybrid and opportunistic. Through its investment activity on its fully integrated platform, Apollo meets the retirement income and financial performance needs of its clients, and delivers innovative capital solutions to businesses. Apollo’s patient, creative and knowledgeable approach to investing aligns its clients, the companies in which Apollo invests, its employees, and the communities in which Apollo has an impact, to expand opportunities and achieve positive results. As of March 31, 2021, Apollo had approximately $ 461 billion in assets under management. For more information, please visit www.apollo.com.

Important information

This announcement is not intended for, and does not constitute or form part of, any offer, invitation or solicitation of an offer to buy, acquire, subscribe, sell or dispose of any security, whether by virtue of this ad or otherwise. .

The distribution of this advertisement in jurisdictions outside of the United Kingdom may be restricted by law and, therefore, persons in possession of this advertisement should inform themselves of and observe these restrictions. Any breach of the restrictions may constitute a violation of the securities laws of those jurisdictions.

Code Disclosure Requirements

Under Rule 8.3 (a) of the Code, any person who is interested in 1% or more of any relevant class of securities of a target company or any securities exchange offeror (i.e. any offeror other than an offeror in respect of whom it has been announced that their offer is, or is likely to be, cash only) must make an Open Position Disclosure after the start of the offer period and, if later, after the announcement in which any securities exchange provider is first identified. An Open Position Disclosure must contain details of the person’s interests and short positions in, and rights to subscribe, all relevant securities of each (i) of the target company and (ii) of any offeror ( s) exchange of securities. A disclosure of the open position by a person to whom rule 8.3 (a) applies must be made no later than 3:30 p.m. (London time) on the 10th business day after the start of the offer period. and, where applicable, no later than 3.30 pm (London time) on the 10th business day following the announcement in which any offeror of securities is identified for the first time. Affected persons who trade the relevant securities of the target company or an offeror before the deadline for making an open position disclosure must instead make a trade disclosure.

Under Rule 8.3 (b) of the Code, any person who is, or becomes, interested in 1% or more of any class of relevant securities of the target company or any securities exchange offeror must make a Disclosure of transaction if the person trades in any relevant security of the target company or any securities exchange offeror. A Trade Report must contain details of the relevant trade and the individual’s interests and short positions in, and rights to subscribe, on all relevant securities of each (i) of the target company and (ii) of any securities exchange offeror, except to the extent such details have already been disclosed under Rule 8. A Transaction Disclosure by a person to whom Rule 8.3 (b) applies must be made no later than 3.30 p.m. (London time) on the business day following the date of the relevant transaction. .

If two or more persons act together under an arrangement or arrangement, formal or informal, to acquire or control an interest in the relevant securities of a target company or a securities exchange offeror, they will be deemed to be one person for the purposes of rule 8.3.

Open position disclosures must also be made by the target firm and any offeror and trade disclosures should also be made by the target firm, any offeror and any person acting in concert with any of them. them (see rules 8.1, 8.2 and 8.4).

Details of the target and offering companies regarding the relevant securities whose opening position statements and transaction reports are to be made can be found in the disclosure table on the Takeover Panel website at www.thetakeoverpanel .org.uk, including details of the number of securities outstanding, the start of the offer period and the first identification of an offeror.

You should contact the Panel’s Market Watch Unit on +44 (0) 20 7638 0129 if you are in any doubt as to whether you should make an Open Position Disclosure or a Trade Disclosure.

Notice to U.S. Investors

In accordance with normal UK practice and in accordance with US Exchange Act Rule 14e-5 (b), Apollo, Apollo Funds or their affiliates or nominees, or brokers (acting as agents) , may from time to time make certain purchases of, or arrangements to purchase securities of Morrisons outside of the United States, other than pursuant to an offer (if made), prior to or during the period during which this offer remains open for acceptance. These purchases can take place either on the open market at prevailing prices or through private transactions at negotiated prices. Any information regarding such purchases will be disclosed as required in the UK, will be reported to a regulatory information service and will be available on the London Stock Exchange website, www.londonstockexchange.com.

Financial Advisor

Morgan Stanley & Co. International plc (‘Morgan stanley‘) which is authorized by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority in the United Kingdom acts as financial advisor exclusively to Apollo and no one else in connection with the matters set out in this announcement. In connection with these matters, Morgan Stanley, its affiliates and their respective directors, officers, employees and agents will not regard any other person as their client, and will not be liable to any other person for providing the protections afforded to their clients. or to provide advice in connection with the content of this advertisement or any other matter mentioned herein.

Website

In accordance with rule 26.1 of the Code, a copy of this announcement will be available (subject to certain restrictions relating to persons residing in restricted jurisdictions) on the Apollo website at https://www.apollo.com / no later than noon. (London time) on the working day following the date of this announcement. The content of this website is not and is not part of this advertisement.

Warning

Gestion Globale Apollo inc. published this content on July 05, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on 05 July 2021 14:41:02 UTC.


Share.

Leave A Reply