Recommended offer for Daejan Holdings plc

On 21 February 2020, the board of directors of Dock Newco Limited and the independent non-executive director of Daejan Holdings plc jointly announced a recommended final cash offer, in accordance with rule 2.7 of the City Code on Takeovers and Mergers, for the entire issued and to be issued share capital of Daejan not already owned directly or indirectly by the Freshwater Concert Party and to be effected by means of a scheme of arrangement between Daejan and the Relevant Daejan Shareholders under Part 26 of the Companies Act 2006.

Further details, definitions and documents which must be read in conjunction with the above paragraph are available here