2.8 Announcement

Summary by AI BETAClose X

Waterland Private Equity Investment B.V. has confirmed it does not intend to make an offer for Gamma Communications plc, following previous discussions announced on 21 August 2026. This statement, made under Rule 2.8 of the City Code on Takeovers and Mergers, means Waterland is restricted from making a new offer for six months, unless certain conditions are met, such as the withdrawal of another offer, a third-party bid, or a material change in circumstances as determined by the Takeover Panel.

Disclaimer*

WPEF IX Holding Coöperatief W.A.
01 October 2026
 

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

THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE").

FOR IMMEDIATE RELEASE

1 October 2026

Statement regarding Gamma Communications plc (“Gamma”)

Further to the announcement on 21 August 2026 by Gamma that it was in discussions with Waterland Private Equity Investment B.V. (“Waterland”) regarding a possible offer for Gamma, Waterland confirms that it does not intend to make an offer for Gamma.

Accordingly, except with the consent of the Takeover Panel, Waterland (and any person acting in concert with it) is bound by the restrictions under Rule 2.8 of the Code.

Under Note 2 on Rule 2.8 of the Code, Waterland (and any person acting in concert with it) reserves the right to set aside the restrictions in Rule 2.8 in the following circumstances:

  1.                    in the event that the offer by Epiris LLP is withdrawn or lapses, with the agreement or recommendation of the board of Gamma;
  2.                   if a third party announces a firm intention to make an offer for Gamma;
  3.                    following the announcement by Gamma of a Rule 9 waiver proposal (as described in Note 1 of the Notes on Dispensations from Rule 9) or a reverse takeover (as defined in the Code); or
  4.                   if there has been a material change of circumstances (as determined by the Takeover Panel).
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
UK 100

Latest directors dealings