GO plc - Update on Sale Process

On 16 May, GO plc issued an announcement updating the market on the current sale process and the company confirmed that it is now in the final stages of evaluating the binding offers that it received. GO plans to select the preferred bidder by the end of the month. Once this selection is made, GO will announce the identity of the preferred bidder and the preferred bidder will subsequently announce the terms of this bid.

In accordance with the Listing Rules, within not more than 21 calendar days of such announcements, the preferred bidder will be expected to publish an offer document to all of GO’s shareholders, on which GO will issue an opinion. This offer document will be expected to contain the information necessary to enable GO’s shareholders to reach a properly informed decision on the bid. GO’s shareholders will have a specified period of time, which will be at least 4 weeks long, within which to decide whether or not they wish to accept any such offer and sell their shares to the preferred bidder.