National Aviation Service WLL agreed to acquire 13.2% stake in John Menzies plc (LSE:MNZS) for £73.4 million on February 17, 2022. The offer price is £6.05 per share. In accordance with Rule 2.6(a) of the Code, NAS is required, by not later March 9, 2022, either to announce a firm intention to make an offer for Menzies in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies.

This deadline can be extended with the consent of the Panel in accordance with Rule 2.6(c) of the Code. Omar Faruqui, Chris Brooks and Osman Akkaya of Barclays Bank PLC acted as financial advisor to National Aviation Service WLL. Eduard van Wyk and Nick Harper of Goldman Sachs International acted as financial advisor to John Menzies plc.

Jon Earle, Paolo Morante, Nicholas Klein, Jonathan Exten-Wright, Matthew Swynnerton, Charles Severs, Karin Kirschner, Janine Simpson and Thomas Morris of DLA Piper UK LLP acted as legal advisor to John Menzies plc.