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Disclosure under Rule 2.10(c) of The City Code on Takeovers and Mergers (Urban&Civic plc)

Investec Wealth & Investment Limited
·1-min read

Disclosure under Rule 2.10(c) of The City Code on Takeovers and Mergers (Urban&Civic plc)

Investec Wealth & Investment Limited (IW&I) provided a non-binding letter of intent to The Wellcome Trust Limited for 14,065,837 ordinary shares of Urban&Civic plc.

On 13th November 2020, in accordance with Rule 2.10(c) of The City Code on Takeovers and Mergers, we announced that following the sale of 1,465,483 Urban&Civic plc shares during the period 6th November 2020 and 12th November 2020, the non-binding Letter of Intent now applied to 12,600,354 Urban&Civic plc shares.

Further to the above IW&I now announces that, following the sale of 29,383 Urban&Civic plc shares on the 16th November 2020, the non-binding Letter of Intent now applies to 12,570,971 Urban&Civic plc shares.