14 December 2016 – potential offers
Proposals have been received from Patron Capital Advisers LLP and Emerald Investment Partners Ltd, regarding possible cash offers of 174p per share and 185.00p a share respectively. As part of the Patron deal, Heineken NV would acquire Punch A, one of the securitisation structures within Punch, immediately following the offer. Both Patron and Emerald are required to either announce a firm intention to make an offer, or that they do not intend to make an offer, by January 11, 2017, under UK takeover rules. For now, AWAIT DEVELOPMENTS.