# Cambria Automobiles update from Killik & Co

- Link: https://www.directorstalkinterviews.com/cambria-automobiles-update-from-killik-co/4121014121
- Published: 2021-08-03T07:25:41+01:00
- Author: Giles

On 9 June 2021, the boards of Cambria Bidco Limited and **Cambria Automobiles plc**(
LON:CAMB) issued an announcement stating that they had reached agreement on the 
terms of a recommended cash offer for the entire issued and to be issued share capital
of Cambria to be made by Bidco, and on 30 July 2021 it was announced that Bidco 
had elected, with the consent of the Panel, to implement the Offer by way of a Takeover
Offer under Part 28 of the Companies Act 2006.

On 16 June 2021, Bidco received a Letter of Intent from Killik & Co LLP in respect
of 1,847,072 Cambria Shares owned and/or controlled by it, representing approximately
1.85 per cent. of the Cambria Shares in issue as at the date hereof, to vote in 
favour of the Scheme at the Court Meeting and the Resolutions to be proposed at 
the General Meeting (and, in the event that the Offer was implemented by way of 
a Takeover Offer, to accept or procure acceptance of the Takeover Offer).

On 26 July 2021, Killik announced that it had sold 15,237 of the Killik Controlled
Shares and on 2 August 2021, Killik confirmed to Bidco and Cambria that its intention
under the Letter of Intent with respect to the remaining Killik Controlled Shares
remained unchanged. As a result, Killik’s Letter of Intent to accept (or procure
the acceptance of) the Offer remains in place in respect of 1,831,835 Killik Controlled
Shares.

Accordingly, Bidco is making this Announcement as required by Rule 2.10(c)(ii) of
the Code.

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