• 01 Aug 25
 

Quanex Building Prod - Statement re Stated Intentions


 
RNS Number : 4996T
Quanex Building Products Corp
01 August 2025
 

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, AMONGST OTHER THINGS, 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

1 August 2025

Quanex Building Products Corporation

Rule 19.6(c) confirmation of compliance with post-offer intention statements with regard to Tyman plc

 

Quanex Building Products Corporation ("Quanex") announces that, further to completion of its recommended cash and share acquisition of the entire issued, and to be issued, share capital of Tyman plc, which was implemented by way of scheme of arrangement under Part 26 of the Companies Act 2006 and which became effective on 1 August 2024, 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 Quanex has complied with its post-offer intention statements made pursuant to Rules 2.7(c)(viii) and 24.2 of the Code, as originally detailed in its announcement of 22 April 2024 and the scheme document published on 11 June 2024.

 

Enquiries:

Quanex

Scott Zuehlke - Senior Vice President, Chief Financial Officer and Treasurer     +1 713 877 5327

                                                                                               

 

UBS
(Sole Financial adviser to Quanex)
 Joe Hannon, Romine Hakme, Josh Chauhan                                                  +44 20 7567 8000

UBS AG London Branch ("UBS") is authorised and regulated by the Financial Market Supervisory Authority in Switzerland. It is authorised by the Prudential Regulation Authority ("PRA") and subject to regulation in the United Kingdom by the Financial Conduct Authority ("FCA") and limited regulation in the United Kingdom by the PRA. UBS is acting exclusively as sole financial adviser to Quanex and for no one else in connection with the Transaction and will not be responsible to anyone other than Quanex for providing the protections afforded to its clients nor for providing advice in relation to the Transaction, the contents of this announcement or any other matters referred to in this announcement. Neither UBS nor any of its subsidiaries, branches or affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of UBS in connection with the Transaction, this announcement and any statement contained herein or otherwise. No representation or warranty, express or implied, is made by UBS as to the contents of this announcement.

 

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