NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE UK CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE")

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

FOR IMMEDIATE RELEASE 

5 May 2022

Statement from Cinven

No intention to make an offer for Ideagen Plc ("Ideagen")

Following the statement on 14 April 2022 in which Cinven Limited, adviser to the managing general partners of the Cinven funds ("Cinven") announced that Cinven was in the early stages of considering a possible offer for Ideagen, Cinven today confirms that it does not intend to make an offer for Ideagen.

This is a statement to which Rule 2.8 of the Code applies.

Under Note 2 on Rule 2.8 of the Code, Cinven reserves the right to set aside the restrictions in Rule 2.8 in the following circumstances: (i) with the agreement of the board of Ideagen; (ii) if a third party announces a firm intention to make an offer for Ideagen; (iii) if Ideagen announces a Rule 9 waiver proposal (see Note 1 of the Notes on Dispensations from Rule 9) or a reverse takeover (as defined in the Code); and (iv) if there has been a material change of circumstances (as determined by the Takeover Panel).

Enquiries

Additional Information

This announcement is not intended to, and does not, constitute or form part of any offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities, or the solicitation of any vote or approval in any jurisdiction, pursuant to this announcement or otherwise. Any offer, if made, will be made solely by certain offer documentation which will contain the full terms and conditions of any offer, including details of how it may be accepted. The distribution of this announcement in jurisdictions other than the United Kingdom and the availability of any offer to shareholders of Ideagen who are not resident in the United Kingdom may be affected by the laws of relevant jurisdictions. Therefore any persons who are subject to the laws of any jurisdiction other than the United Kingdom or shareholders of Ideagen who are not resident in the United Kingdom will need to inform themselves about, and observe, any applicable requirements.