No intention to make an offer

Summary by AI ^BETAClose X

Arcline Investment Management LP has announced that it does not intend to make an offer for Senior plc, a statement to which Rule 2.8 of the City Code on Takeovers and Mergers applies. Arcline reserves the right to set aside the restrictions of Rule 2.8 under specific circumstances, including with the agreement of Senior's board, if a third party announces a firm intention to make an offer, if Senior announces a Rule 9 waiver or reverse takeover, or if there is a material change of circumstances as determined by the Takeover Panel.

Disclaimer*

Arcline Investment Management LP

01 April 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 THAT JURISDICTION

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

FOR IMMEDIATE RELEASE

01 April 2026

No intention to make an offer for Senior plc ("Senior")

Arcline Investment Management LP ("Arcline") announces that it is not intending to make an offer for Senior.

This is a statement to which Rule 2.8 of the Code applies.

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

●	with the agreement of the board of Senior;
●	if a third party announces a firm intention to make an offer for Senior, including either of Advent International Limited (in its capacity as adviser to Advent International, L.P., the manager of and / or adviser to certain private equity funds) or the consortium comprising Tinicum Incorporated and Blackstone Private Investments Advisors L.L.C. (on behalf of certain of their respective affiliated investment funds or vehicles);
●	if Senior announces a Rule 9 waiver (see Note 1 of the Notes on Dispensations from Rule 9 of the Code) or a reverse takeover (as defined in the Code); or
●	if there has been a material change of circumstances (as determined by the Takeover Panel).

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