Investor Relations

4 November 2016 

Sepura plc ("Sepura" or "the Company") 

Possible offer 

Further to the recent share price movement, the Board of Sepura (LON: SEPU) confirms that it is in preliminary talks with Hytera Communications Corporation Limited ("Hytera") regarding a possible offer for the entire issued and to be issued share capital of the Company. 

Hytera has confirmed to the Board of Sepura that any offer, if made, is likely to be solely in cash. There can be no certainty that any offer will be made, nor as to the terms of any such offer.  

As a consequence of this announcement, an 'Offer Period' has now commenced in respect of the Company in accordance with the rules of the Code. 

As required by Rule 2.6(a) of the Code, Hytera is required, by not later than 5.00 p.m. on 2 December 2016, either to announce a firm intention to make an offer in accordance with Rule 2.7 of the Code or to announce that they do 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 may be extended with the consent of the Takeover Panel in accordance with Rule 2.6(c) of the Code. 

A further announcement will be made in due course, as appropriate.


Lazard (Financial Adviser to Sepura)
Cyrus Kapadia
Nicholas Page

+44 (0) 20 7187 2000

Instinctif Partners
Adrian Duffield / Kay Larsen / Chantal Woolcock

+44 (0) 20 7457 2020

Download full announcement (PDF)