Rule 2.8 Announcement
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART 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").
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.
For immediate release
28 May 2025
No intention to make an offer for GlobalData Plc
Further to the announcement made by GlobalData plc ("GlobalData") on 30 April 2025 regarding a possible offer for GlobalData, Kohlberg Kravis Roberts & Co. L.P., acting in its capacity as advisor to its affiliated investment funds and separately managed accounts ("KKR"), confirms that it does not intend to make a firm offer for GlobalData.
This is a statement to which Rule 2.8 of the Code applies. Accordingly, KKR and any person(s) acting in concert with it will, except with the consent of the Panel on Takeovers and Mergers (the "Takeover Panel"), be bound by the restrictions set out in Rule 2.8 of the Code. Under Note 2 of Rule 2.8 of the Code, KKR, and any person(s) acting in concert with it, reserves the right to set the restrictions in Rule 2.8 of the Code aside in the following circumstances:
a) with the agreement of the Board of Directors of GlobalData;
b) following the announcement of a firm intention to make an offer for GlobalData by, or on behalf of, a third party;
c) following the announcement by GlobalData of a Rule 9 waiver proposal (as described in Note 1 of the Notes on Dispensations from Rule 9 of the Code), or a reverse takeover (as defined by the Code); or
d) where the Takeover Panel has determined that there has been a material change in circumstances.
KKR also reserves the right to acquire shares of GlobalData, subject to, and in accordance with, the Code and other applicable regulations.
ENQUIRIES
FGS Global (PR Adviser to KKR) +44 (0) 20 7251 3801 /
Faeth Birch KKR-LON@fgsglobal.com
Alastair Elwen
Important notices
This announcement is not intended to, and does not, constitute or form part of any offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities, or the solicitation of any vote or approval in any jurisdiction, whether pursuant to this announcement or otherwise. Any offer, if made, will be made solely by certain offer documentation which will contain the full terms and conditions of any offer, including details of how it may be accepted.
This announcement has been prepared in accordance with English law and information disclosed may not be the same as that which would have been prepared in accordance with the laws of jurisdictions outside England.
The release, distribution or publication of this announcement in whole or in part, directly or indirectly in, into or from jurisdictions outside the United Kingdom may be restricted by laws of the relevant jurisdictions and therefore persons into whose possession this announcement comes should inform themselves about, and observe, such restrictions. Any failure to comply with the restrictions may constitute a violation of the securities law of any such jurisdiction.
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014 (as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018). Upon publication of this announcement, such inside information will be considered to be in the public domain.
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