JTC PLC (OTCPK:JTCPF) Q2 2025 Earnings Call September 16, 2025 4:30 AM EDT
Company Participants
Nigel Le Quesne – Group CEO & Executive Director
Martin Fotheringham – Group CFO & Executive Director
Conference Call Participants
Michael Donnelly – Investec Bank plc, Research Division
Vivek Raja – Shore Capital Group Ltd., Research Division
James Clark – Barclays Bank PLC, Research Division
Presentation
Operator
Hello, and welcome to the JTC PLC Interim Results Presentation. My name is David, and I’ll be your host for today’s event. Please note that the event is being recorded. [Operator Instructions] Before we proceed, as you will have seen, JTC is currently in an offer period under the U.K. Takeover Code. As summarized in the company’s RNS of 12th of September regarding possible offers, the Board received three preliminary nonbinding proposals from Permira in August, which were considered by the company and its advisers and unanimously rejected by the Board. The Board received a fourth revised proposal on the 9th of September and is in early stage discussions with Permira in relation to the possible offer.
The Board also received two preliminary and nonbinding proposals from Warburg Pincus in early September, which were considered and unanimously rejected. A further proposal has been received and the Board is currently in early-stage discussions with Warburg Pincus in relation to the possible offer. In respect of these approaches, you will appreciate that management are very restricted in the comments they make only commentating on information already in the public domain, and we therefore prefer that most of the questions this morning are focused on the business. Thank you. I will now hand you over to the presenters for today.
Nigel Le Quesne
Group CEO & Executive Director
Good morning. Welcome to the presentation of JTC PLC’s interim results for the period ended
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