Terms and conditions of sale
Mitie Rule 2.7 Announcement
An announcement was made at 7.00am today, the 5th of June 2025, to the London Stock Exchange regarding the notification of the potential acquisition of Marlowe Plc, which includes both Marlowe Fire & Security Group and Marlowe Environmental Services, by Mitie Group Plc.
The announcement to the market is part of a legal process which is called a Rule 2.7 announcement, and it constitutes a confirmation to the market of Mitie’s intention to make a firm offer for the Company within the next 28 days.
In essence, the announcement represents a firm intention for Mitie Group Plc to acquire Marlowe Plc through a process that is expected to conclude in Quarter 3 of 2025.
As outlined in the formal announcement, Mitie Group Plc have made a substantial offer for the share capital of Marlowe Plc. In undertaking their assessments, Mitie determined that the TIC divisions (Water Treatment & Air Hygiene and Fire Safety & Security) of Marlowe Plc represent an excellent strategic fit for their organisation.
What has been announced?
On the 5th of June 2025 it was announced that the Boards of Mitie Group Plc and Marlowe Plc have reached agreement on the terms of a recommended offer which means that Mitie Group Plc intends to acquire Marlowe. Today’s regulatory announcement is called a Rule 2.7 Announcement, and it confirms the offer from Mitie Group plc to Marlowe plc.
What is a Rule 2.7 announcement?
The announcement of a firm intention to make an offer is commonly referred to as a “Rule 2.7 announcement” and is a significant event which will commit the bidder to proceed with the offer (subject to very limited exceptions). In the UK, where Marlowe is registered as an AIM-listed company, the UK Takeover Code provides that such an announcement should only be made when the bidder has every reason to believe that it can and will continue to be able to implement the offer.
What does it mean for customers and supply chain partners?
There is no change to how the business operates, we will continue to run the business as usual and deliver on promises to customers and supply chain partners as normal.
The announcement confirms that the terms of a recommended offer have been reached to acquire Marlowe plc. Over the coming months, legal work will be undertaken to close the transaction.
About Mitie Group Plc
Mitie Group plc is the UK’s leading facilities management and professional services company, delivering integrated solutions across both public and private sectors. Founded in 1987, Mitie has grown into a FTSE 250-listed organization headquartered in London, with over 72,000 employees operating across more than 200 locations throughout the UK and Ireland.
With a strong financial performance, including revenues exceeding £4.5 billion in 2024, and a strategic focus on technology and sustainability, Mitie continues to set the standard for high-performing places across the UK.
Under the leadership of CEO Phil Bentley, Mitie has embraced a data-driven approach, investing £160 million in technology to transform service delivery and improve efficiency.
Further Information
All documents relating to the 2.7 Announcement can be found at https://www.marloweplc.com/
If you have any further questions, please complete the form below or email us via questions@marlowefsg.com
