Spirit Pub Co.'s (SPRT.L) board remains in discussions with Greene King Plc (GNK.L) relating to the terms of the possible offer. The board remains willing to urge an offer at the value of the revised proposal set out in that announcement, but this remains subject to the satisfactory resolution of the other terms of the Possible Offer.
Pursuant to Rule 2.6(a) of the Takeover Code, Greene King has until 5.00pm on 30 October 2014 to announce either a firm intention to make an offer for Spirit or that it does not plan to make an offer. With the consent of the Takeover Panel, Spirit has agreed to an extension of the relevant deadline under Rule 2.6(c) of the Takeover Code until 5.00pm on November 4, 2014 to enable the parties to conclude their ongoing talks. This deadline may be extended further with the consent of the Takeover Panel, at Spirit's request, in accordance with Rule 2.6(c) of the Takeover Code.
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