Aggreko Plc — Regulatory Filings 2024

National Storage Mechanism | Additional information

RNS Number : 8127D

Aggreko Limited

21 February 2024

THE FOLLOWING ANNOUNCEMENT IS BEING MADE PURSUANT TO THE REQUIREMENTS OF RULE 19.6(C) OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE"), WHICH, INTER ALIA, REQUIRES A PARTY TO AN OFFER TO MAKE AN ANNOUNCEMENT AT THE END OF A PERIOD OF 12 MONTHS FROM THE DATE ON WHICH AN OFFER PERIOD ENDED CONFIRMING WHETHER IT HAS TAKEN, OR NOT TAKEN, THE COURSE OF ACTION SET OUT IN ITS STATED INTENTIONS

FOR IMMEDIATE RELEASE

21 February 2024

Aggreko Limited

("Aggreko" or the "Company")

Rule 19.6(c) confirmation with respect to stated post-offer intentions with regard to Crestchic plc ("Crestchic")

Aggreko announces that, further to the completion of its recommended offer to acquire the entire issued and to be issued ordinary share capital of Crestchic, which was effected by way of a scheme of arrangement under Part 26 of the Companies Act 2006, and which became effective on 21 February 2023, it has duly confirmed in writing to The Panel on Takeovers and Mergers in accordance with the requirements of Rule 19.6(c) of the Code that the Company has complied, subject to the matter disclosed in the paragraph below, with its post-offer statements of intent made pursuant to Rules 2.7(c)(viii) and 24.2 of the Code, as originally detailed in its announcement of 09 December 2022 and the scheme document published on 22 December 2022.

In such announcement and scheme document, Aggreko stated its intention to operate Crestchic as a standalone business within the Aggreko group. Following a review of the US businesses of Crestchic and Aggreko, it was decided that, due to the scale of the Crestchic US business compared to the Aggreko business in the US, the Crestchic US business would be merged with the Aggreko US business to drive growth and capture opportunities in that market. The decision was supported by both Crestchic and Aggreko management and had no material impact on employee headcount.

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