The Board of Devro notes the recent movement in its share price and announces that it has received a preliminary approach which may or may not lead to an offer being made for the whole of the issued share capital of Devro at 150p per share in cash.
In accordance with Rule 2.10 of the Takeover Code (the 'Code'), Devro confirms that it has 162,825,047 ordinary shares of 10 pence each in issue and admitted to trading on the London Stock Exchange under the UK ISIN code GB0002670437.
This announcement has not been made with the agreement or approval of the potential offeror and there can be no certainty that an offer will be made nor as to the terms on which any offer might be made.
A further announcement will be made in due course.