IMPORTANT INFORMATION
PLEASE READ THIS NOTICE CAREFULLY – IT APPLIES TO ALL PERSONS WHO VIEW THIS WEBPAGE AND, DEPENDING ON WHO YOU ARE AND WHERE YOU LIVE, IT MAY AFFECT YOUR RIGHTS. PLEASE NOTE THAT THIS NOTICE AND THE INFORMATION CONTAINED IN IT MAY BE ALTERED OR UPDATED FROM TIME TO TIME, AND SHOULD BE READ IN FULL EACH TIME YOU VISIT THIS SECTION OF THE WEBSITE. IN ADDITION, THE CONTENTS OF THIS WEBPAGE MAY BE AMENDED AT ANY TIME IN WHOLE OR IN PART AT THE SOLE DISCRETION OF ACCROL GROUP HOLDINGS PLC (“ACCROL”).
ACCESS TO THE MATERIALS CONTAINED IN THIS SECTION OF THE WEBSITE (THE “MICROSITE”) MAY BE RESTRICTED UNDER SECURITIES LAWS OR REGULATIONS IN CERTAIN JURISDICTIONS. THIS NOTICE REQUIRES YOU TO CONFIRM CERTAIN MATTERS (INCLUDING THAT YOU ARE NOT RESIDENT OR LOCATED IN SUCH A JURISDICTION) BEFORE YOU MAY OBTAIN ACCESS TO THE INFORMATION ON THE MICROSITE. IF YOU ARE UNABLE, OR HAVE ANY DOUBT AS TO WHETHER YOU ARE ABLE TO PROVIDE THE NECESSARY CONFIRMATION YOU SHOULD PRESS ‘DECLINE’ AND YOU WILL NOT BE ABLE TO VIEW INFORMATION ABOUT THE OFFER (AS DEFINED BELOW).
THESE MATERIALS ARE NOT DIRECTED AT, AND MUST NOT BE ACCESSED BY, DIRECTLY OR INDIRECTLY, PERSONS RESIDENT OR LOCATED IN ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION, WOULD RESULT IN A REQUIREMENT TO COMPLY WITH ANY CONSENT OR OTHER FORMALITY WHICH ACCROL REGARDS AS UNDULY ONEROUS OR MAY RESULT IN A SIGNIFICANT RISK OF CIVIL, REGULATORY OR CRIMINAL EXPOSURE IF INFORMATION CONCERNING THE OFFER IS SENT OR MADE AVAILABLE, DIRECTLY OR INDIRECTLY, TO PERSONS IN THAT JURISDICTION (A “RESTRICTED JURISDICTION”), AND UNLESS OTHERWISE DETERMINED BY ACCROL AND PERMITTED BY APPLICABLE LAW AND REGULATION, IT IS NOT INTENDED THAT THESE MATERIALS BE ACCESSIBLE BY PERSONS RESIDENT OR LOCATED IN ANY RESTRICTED JURISDICTION.
The announcements, documents and information (together, “the Information”) contained on this Microsite do not constitute or form part of any offer or invitation, or solicitation of any offer or invitation, to sell or otherwise dispose of, purchase, otherwise acquire or subscribe for any securities pursuant to the Offer (as defined below) or otherwise in any jurisdiction in which such offer, invitation or solicitation is unlawful.
Electronic versions of the Information you are seeking to access are being made available on this Microsite by Accrol in good faith, for information purposes only and subject to the terms and conditions set out below.
Basis of access
The Information contained on this Microsite is in respect of the recommended cash offer for Accrol (the “Offer”) by Navigator Paper UK Limited (the “Offeror”), an indirect wholly-owned subsidiary of The Navigator Company S.A.
The Information contained in this Microsite is subject to, and must be read in conjunction with, all other publicly available information and, where relevant, any further disclosure document(s) published by Accrol or the Offeror.
Responsibility
The Information contained on this Microsite speaks only at the date of the relevant document or announcement reproduced on this Microsite, and neither Accrol nor any of its affiliated companies has, or accepts, responsibility or duty to update any such information, document or announcement. Accrol reserves the right to add to, remove or amend any Information reproduced on this Microsite at any time.
In relation to any Information contained on the Microsite, save as expressly set out in that document, announcement or information, the only responsibility accepted by the directors of Accrol (“Responsible Persons”) is for the correctness and fairness of its reproduction or presentation unless the responsibility statement in any relevant document expressly provides otherwise.
None of the Responsible Persons, Accrol nor any of their respective directors, employees, agents or advisers have reviewed, and none of them is or shall be responsible for or accepts any liability in respect of any information contained on any other website that may be linked to this Microsite or Accrol’s website by a third party.
If you are in any doubt about the contents of this Microsite or the action you should take, you should seek your own financial advice from an independent financial adviser authorised under the Financial Services and Markets Act 2000, as amended, or, if you are located outside the UK, from an appropriately authorised independent financial adviser.
Overseas persons
The Information contained in the Microsite is not being, and must not be released or otherwise forwarded, published, made available, distributed or sent, in whole or in part, directly or indirectly, in, into or from a Restricted Jurisdiction, and the availability of such information (and any related offer) to shareholders who are resident in, or citizens or nationals of, jurisdictions outside of the UK, or to agents, nominees, custodians or trustees for such persons, may be restricted by the laws of the relevant jurisdictions. Persons receiving such documents (including custodians, nominees and trustees) should observe these restrictions and must not distribute or send them in, into or from a Restricted Jurisdiction. Failure to observe such restrictions and/or requirements may constitute a violation of the securities laws or regulations of any such jurisdiction.
Viewing the Information you seek to access may be unlawful if you are resident or located in a Restricted Jurisdiction. In certain jurisdictions, including Restricted Jurisdictions, only certain categories of person may be allowed to view such Information.
If they are not resident in, or a citizen or national of, a Restricted Jurisdiction, any person who wishes to view this Information must first satisfy themselves that they are not subject to any local requirements that prohibit or restrict them from doing so and should inform themselves of, and observe, any applicable legal or regulatory requirements applicable in their jurisdiction. Any failure to comply with restrictions may constitute a violation of the securities laws or regulations of any such jurisdiction.
If you are not permitted to view the Information on this Microsite please exit this Microsite. Should you be in any doubt about whether you are permitted to view the Information on this Microsite, you should not access this Microsite and you should take legal advice. To the fullest extent permitted by applicable law and regulation, neither Accrol nor its advisers accepts responsibility for any violation by any person of these restrictions, and Accrol and its advisers disclaim any responsibility or liability for the violations of any such restrictions by any person.
The Information contained in this Microsite may not be downloaded, forwarded, transmitted or shared with any other person either in whole or in part where to do so would or may constitute a breach of any applicable local laws or regulations.
The Offer (or any other offer) will not be made, directly or indirectly, in, into or from any jurisdiction where it would be unlawful to do so, or by use of mail, or by any means or instrumentality (including, without limitation, telephonically or electronically) of interstate or foreign commerce, or by any facility of a national securities exchange of any jurisdiction where it would be unlawful to do so, and the Offer (or any other offer) will not be capable of acceptance by any such mail, means, instrumentality or facility from or within any jurisdiction where it would be unlawful to do so.
If you are not permitted to view the Information contained in this Microsite, or viewing such Information would result in a breach of the above, or if you are in any doubt as to whether you are permitted to view such information, please exit this webpage or click the “decline” button below and seek independent advice. Neither Accrol nor any of its affiliates or their respective advisers assumes any responsibility for any violation by any person of any of these restrictions.
Important information for US investors
The Information on this Microsite does not constitute an offer to acquire or exchange securities in the United States (“United States” or “US”). The Offer relates to the shares of an English company and may be made by means of a scheme of arrangement provided for under English company law. The Offer is not subject to the tender offer rules or the proxy solicitation rules under the US Securities Exchange Act of 1934, as amended (the “US Exchange Act”). Accordingly, the Offer is subject to the disclosure requirements and practices applicable in the UK to schemes of arrangement which differ from the disclosure requirements of US tender offer and proxy solicitation rules. If, in the future, the Offeror exercises its right to implement the offer by way of a takeover offer (as that term is defined in section 974 of the Companies Act 2006, as amended) and determines to extend the takeover offer into the United States, such offer will be made in compliance with applicable US laws and regulations.
The receipt of cash pursuant to the Offer by a US holder of Accrol may be a taxable transaction for US federal income tax purposes and under applicable state and local, as well as foreign and other tax laws. Each holder of Accrol is urged to consult his independent professional advisor immediately regarding the tax consequences of acceptance of the Offer.
The Offer relates to the securities of a UK company and is subject to UK disclosure requirements, which are different from those of the United States. The financial information included in certain documents contained in this Microsite, if any, may have been prepared in accordance with non-US accounting standards, and thus may not be comparable to financial information of US companies or companies whose financial statements are prepared in accordance with generally accepted accounting principles in the United States.
It may be difficult for US holders of Accrol’s shares to enforce their rights and claims arising out of the US federal securities laws, since Accrol is located in a country other than the United States, and some or all of its officers and directors may be residents of a country other than the United States. US holders of Accrol’s shares may not be able to sue a non-US company or its officers or directors in a non-US court for violations of the US securities laws. Further, it may be difficult to compel a non-US company and its affiliates to subject themselves to a US court’s judgement.
No offer to acquire securities or to exchange securities for other securities has been made, or will be made, directly or indirectly, in or into, or by the use of the mails of, or by any means or instrumentality of interstate or foreign commerce or any facilities of a national securities exchange of, the United States or any other country in which such offer may not be made other than: (i) in accordance with the tender offer requirements under the US Exchange Act, or the securities laws or regulations of such other country, as the case may be, or (ii) pursuant to an available exemption from such requirements.
Neither the US Securities and Exchange Commission nor any US state securities commission has approved or disapproved any offer, or passed comment upon the adequacy or completeness of any of the Information contained in this Microsite. Any representation to the contrary is a criminal offence in the United States.
Forward-looking statements
This Microsite may contain certain forward-looking statements with respect to the Offer and the financial condition, results of operations and business of, Accrol or the Offeror and certain plans and objectives of the Offeror with respect to them. Statements that are not historical facts, including statements about our beliefs and expectations, are or may be deemed to be ‘forward-looking statements’ within the meaning of Section 21E of the US Exchange Act, and Section 27A of the US Securities Act of 1933, as amended, with respect to the financial condition, results of operations and business of Accrol and certain plans and objectives of Accrol with respect thereto. Often, but not always, forward-looking statements can be identified by the use of forward-looking words such as “anticipate”, “target”, “expect”, “estimate”, “forecast”, “intend”, “plan”, “goal”, “believe”, “hope”, “aim”, “continue”, “budget”, “schedule” and or words or terms of similar substance or the negative of them, as well as variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements would also include, without limitation, any projections relating to results of operations and financial conditions of Accrol and its subsidiaries from time to time, as well as plans and objectives for future operations, expected future revenues, financing plans, expected expenditures and divestments relating to the Accrol and discussions of Accrol’s business plan. These forward-looking statements (including those relating to the consummation of the Offer and the anticipated benefits of it) are subject to risks and uncertainties that may cause actual results to differ materially from those indicated in the forward-looking statements. Such risks and uncertainties include, but are not limited to, the possibility that any of the conditions to the Offer will not be satisfied, adverse effects on the market price of Accrol’s and on Accrol’s operating results because of a failure to complete the Offer, negative effects relating to the announcement of the Offer or the completion of the Offer on the market price of Accrol’s shares, significant transaction costs and/or unknown liabilities, changes in global, political, economic, business, competitive, market and regulatory forces, future exchange and interest rates, changes in tax laws, regulations, rates and policies, future business combinations or disposals and competitive developments. Other unknown or unpredictable factors could cause actual results to differ materially from those in the forward-looking statements.
These forward-looking statements are based on numerous assumptions and assessments made in light of Accrol’s and/or the Offeror’s experience and perception of historical trends, current conditions, business strategies, operating environment, future developments and other factors considered appropriate. The factors described in the context of such forward-looking statements in this Microsite could cause the Offeror’s plans with respect to Accrol, Accrol’s or the Offeror’s actual results, performance or achievements, industry results and developments to differ materially from those expressed in or implied by such forward-looking statements. Although it is believed that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct and persons reading this Microsite are therefore cautioned not to place undue reliance on these forward-looking statements which speak only as at the date of the relevant document or announcement reproduced on this Microsite. Accrol expressly disclaims any obligation or undertaking to update or revise any forward-looking statements as a result of subsequent events or developments, except as required by applicable law or regulation.
Unless expressly stated otherwise, no statement contained or referred to in this Microsite is intended to be a profit forecast for any period and no statement should be interpreted to mean that earnings or earnings per share will necessarily be greater or lesser than those for the relevant preceding financial periods for Accrol or the Offeror (as appropriate).
This notice, and any non-contractual obligations arising out of or in connection with this notice, shall be governed by and interpreted in accordance with English law.
Confirmation of understanding and acceptance of this notice
By accepting below, you:
confirm that you are permitted to proceed to this Microsite and certify that you are not (nor do you act on behalf of someone who is) resident or located in, or a national or citizen of, any jurisdiction that renders the accessing of this Microsite or any parts thereof illegal;
agree that you will not copy, forward, transfer, make available or distribute (by any means including by electronic transmission), directly or indirectly, any Information or documents included in this Microsite either in whole or in part to any person in any jurisdiction where such distribution may be restricted by applicable law or regulation;
represent and warrant to Accrol that you intend to access this area of the website for information purposes only, that you have read and understood this notice and that you understand that it may affect your rights or responsibilities; and
have read and understood the notice set out above and agree to be bound by the terms of this notice and are permitted to proceed to this Microsite.
If you are not able to give these confirmations, you should click on ‘I DECLINE’ below.