Source: Fidelity
FMR LLC and FIL Limited (together "Fidelity") note the recent press speculation regarding Fidelity's all cash final offer to acquire the issued and to be issued share capital of Colt Group S.A. ("Colt") not currently owned by Fidelity (the "Offer").
Fidelity would like to confirm certain statements made in its announcement relating to the Offer on 19 June 2015 (the "Offer Announcement").
The offer price of 190 pence per share (the "Offer Price") is final. The Offer Price will not be increased under the Offer under any circumstances. As described in the Offer Announcement, Lightning Investors Limited (an entity jointly owned by FMR and FIL through which the Offer will be made) has received irrevocable undertakings to accept or procure acceptance of the Offer at the Offer Price from certain Colt shareholders.
Fidelity has committed to holding its investment in Colt and not to sell or take any other steps to dispose of its Colt shares to any third party prior to 31 December 2016. This commitment stands whether as a consequence of the Offer Colt becomes a private company, or remains as a public listed company should the Offer lapse.
The Offer is not regulated by the U.K. Panel on Takeovers and Mergers. However, Fidelity will stand by these statements as if the U.K. Takeover Code applied and has not qualified either statement in any way.