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Latest Key Developments (Source: Significant Developments)

‍Marlin Bidco says Shawbrook's independent directors recommend accepting final offer​
Wednesday, 19 Jul 2017 10:42am EDT 

July 19 (Reuters) - ‍Marlin Bidco::‍Notes announcement released by Shawbrook in which independent directors of shawbrook now recommend Shawbrook shareholders accept final offer​.  Full Article

Marlin Bidco receives 90.7 pct acceptances for Shawbrook final offer
Wednesday, 12 Jul 2017 12:00pm EDT 

July 12 (Reuters) - Marlin Bidco::Received acceptances on 55.5 percent of issued ordinary share capital of Shawbrook, 90.7 percent of Shawbrook shares to which final offer relates​.To acquire compulsorily remaining Shawbrook shares in respect of which final offer has not been accepted on same terms as final​.  Full Article

Shawbrook says Marlin Bidco cash offer for co declared unconditional
Monday, 10 Jul 2017 09:58am EDT 

July 10 (Reuters) - Shawbrook Group Plc ::Marlin Bidco Limited's cash offer for Shawbrook of 340 pence per share has been declared wholly unconditional.  Full Article

Marlin Bidco says Shawbrook offer declared unconditional
Friday, 7 Jul 2017 01:19pm EDT 

July 7 (Reuters) - Marlin Bidco Ltd::‍Final Offer For Shawbrook Group <<>> declared unconditional in all respects​.  Full Article

Shawbrook recommends shareholders accept final offer from PE groups​
Tuesday, 20 Jun 2017 04:48am EDT 

June 20 (Reuters) - Shawbrook Group Plc :Shawbrook group plc update on board recommendation.Notes announcement released on 19 June 2017 by Marlin Bidco Limited.‍Independent directors continue to believe that final offer undervalues shawbrook and its prospects​.‍Independent directors, advised by BofA Merrill Lynch and Goldman Sachs International, now recommend shareholders accept final offer​.Also recognise that, in event final offer is declared wholly unconditional, marlin bidco will have obtained a very significant level of control of co.‍Independent directors will now be accepting final offer in regards to their own beneficial shareholdings.Marlin Bidco has announced that the Final Offer is being extended and will remain open for acceptance until the next closing date which will be 1.00 p.m. (London time) on 10 July 2017​.  Full Article

Marlin Bidco says Shawbrook buyout offer now unconditional
Monday, 19 Jun 2017 12:17pm EDT 

June 19 (Reuters) - Marlin Bidco: :Valid acceptances representing, in aggregate, approximately 75.6 per cent. of Shawbrook's issued ordinary share capital have been received.Final offer has become unconditional as to acceptances.Final offer is now unconditional as to acceptances; Shawbrook shareholders who have accepted final offer are now unable to withdraw their acceptance.Final offer being extended and will remain open for acceptance until next closing date which will be 1.00 P.M. (London time) on 10 July.  Full Article

Marlin Bidco updates on acceptance for Shawbrook offer
Friday, 16 Jun 2017 02:14am EDT 

June 16 (Reuters) - Marlin Bidco Ltd: :As at 3.00 p.m. on 15 June, Marlin Bidco has received valid acceptances in respect of approximately 7.75 per cent of issued ordinary share capital of Shawbrook​.As at June 15, total number of Shawbrook shares which it may count towards satisfaction of acceptance condition is about 46.6 per cent.  Full Article

Shawbrook rejects third buyout offer from private equity groups
Tuesday, 6 Jun 2017 02:00am EDT 

June 6 (Reuters) - Shawbrook Group Plc :Response to increased and final cash offer.‍notes announcement released by Marlin Bidco Limited​.Shawbrook - ‍independent directors believe final offer undervalues shawbrook and prospects; advise shareholders take no action with regards to offer​.‍independent directors believe Shawbrook can continue to grow prudently over medium term within its risk and return disciplines and achieve its upper quartile return on equity objectives​.‍However market conditions in near term remain competitive on risk and return dynamics and, as previously signalled​.  Full Article

Marlin Bidco sweetens bid for Shawbrook
Monday, 5 Jun 2017 02:00am EDT 

June 5 (Reuters) - Marlin Bidco Limited:Offer update: increased and final cash offer.Increased and final cash offer.Marlin bidco limited- ‍announces terms of an increased and final cash offer to be made by marlin bidco.Marlin bidco limited- ‍under terms of final offer, shawbrook shareholders shall be entitled to receive: for each shawbrook share 340 pence in cash​.‍final offer, represents a premium of approximately: . 36.5 per cent. To six-month volume weighted average closing price per shawbrook share of 251 pence on 2 march 2017​.Marlin bidco limited- ‍values entire issued and to be issued ordinary share capital of shawbrook at approximately £868 million​.  Full Article

Marlin Bidco says is extending its offer for Shawbrook
Friday, 26 May 2017 01:06pm EDT 

May 26 (Reuters) - Marlin Bidco::Marlin Bidco received valid acceptances in respect of total of 16.24 million Shawbrook shares, representing approximately 6.5 percent.Marlin Bidco says that offer is being extended and will remain open for acceptance until next closing date which will be 1.00 p.m. (London time) on 2 june 2017.  Full Article

BRIEF-Shawbrook says Marlin Bidco cash offer for co declared unconditional

* Marlin Bidco Limited's cash offer for Shawbrook of 340 pence per share has been declared wholly unconditional Source text for Eikon: Further company coverage: (Bengaluru Newsroom)