Statement Regarding musicMagpie plc

BT Group PLC

27 November 2023

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

FOR IMMEDIATE RELEASE

27 November 2023

Statement Regarding musicMagpie plc

BT Group confirms that it is not intending to make an offer for musicMagpie plc.

This is a statement to which Rule 2.8 of the Takeover Code (the "Code") applies.

Under Note 2 on Rule 2.8 of the Code, BT Group reserves the right to set the restrictions in Rule 2.8 aside in the following circumstances:

(a)        with the agreement of the board of musicMagpie plc;

(b)        if a third party announces a firm intention to make an offer for musicMagpie plc;

(c)        if musicMagpie plc announces a Rule 9 waiver proposal (see Note 1 of the Notes on Dispensations from Rule 9) or a reverse takeover (as defined in the Code); and

(d)        if there has been a material change of circumstances (as determined by the Takeover Panel).

For further information, please contact:

BT Group

Investor relations:

Mark Lidiard                                                    Tel: [phone]

Publication on website

A copy of this announcement will be made available, subject to certain restrictions relating to persons resident in restricted jurisdictions, on BT Group's website at www.bt.com/about/investors/financial-reporting-and-news  For the avoidance of doubt, the contents of that website is not incorporated into and does not form part of this announcement.

ENDS

About BT Group

BT Group is the UK's leading provider of fixed and mobile telecommunications and related secure digital products, solutions and services. We also provide managed telecommunications, security and network and IT infrastructure services to customers across 180 countries.

BT Group consists of three customer-facing units: Consumer serves individuals and families in the UK; Business covers companies and public services in the UK and internationally; Openreach is an independently governed, wholly owned subsidiary wholesaling fixed access infrastructure services to its customers - over 650 communications providers across the UK.

British Telecommunications plc is a wholly owned subsidiary of BT Group plc and encompasses virtually all businesses and assets of the BT Group. BT Group plc is listed on the London Stock Exchange.

For more information, visit www.bt.com/about

 

END