MedservRegis plc - Update on Sourcing of Strategic Purchaser

On 1 November 2019, Medserv plc announced that its Board of Directors has been informed that after having received non-binding offers from interested offerors, the company’s two majority shareholders, namely Mr Anthony S. Diacono and Malampaya Investments Limited, have proceeded to select a preferred bidder. In this respect, the two majority shareholders will enter into negotiations with the preferred bidder for the purpose of concluding a binding offer which will, in turn, trigger the requirement for a bid by the offeror in terms of Chapter 11 (Takeover Bids) of the Listing Rules. Should an agreement be reached, an announcement on the details of the offeror and the offer will be published to the market.