Baker Tilly UK Holdings Limited Offer Update (2638M)

TIDMTNO

RNS Number : 2638M

Baker Tilly UK Holdings Limited

22 August 2013

FOR IMMEDIATE RELEASE 22 August 2013

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE CITY CODE ON TAKEOVERS AND MERGERS.

Baker Tilly UK Holdings Limited

Statement of intention not to make an offer for RSM Tenon Group PLC

On 25 July 2013, Baker Tilly UK Holdings Limited ("Baker Tilly") confirmed that it was reviewing the potential opportunity of making an offer for RSM Tenon Group PLC ("RSM Tenon"), however this review was not yet complete and there was no certainty that an offer would be made.

Baker Tilly confirms that it does not intend to make an offer for the entire issued share capital RSM Tenon.

Accordingly Baker Tilly and any person acting in concert with it are subject to the restrictions imposed by Rule 2.8 of the City Code on Takeovers and Mergers (the "City Code").

Baker Tilly remains of the view that there is significant value in the RSM Tenon group and continues to be interested in an alternative potential transaction involving an acquisition of part or all of the business of the RSM Tenon group provided that such alternative potential transaction does not constitute an offer falling within the jurisdiction of the City Code.

A copy of this announcement will be available at www.bakertilly.co.uk

This information is provided by RNS

The company news service from the London Stock Exchange

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