Exhibit 99.1
Abcam plc Statement on Dr. Jonathan Milners Announcement
CAMBRIDGE, England & WALTHAM, Mass., September 14, 2023 Abcam plc (Nasdaq: ABCM) (Abcam or the
Company), notes todays announcement by Dr. Jonathan Milner. The Company considers it surprising that Dr. Milner has taken active steps to oppose the deal without reviewing the full details in the Scheme Circular to
be published in connection with the proposed acquisition of all of the outstanding shares of Abcam by Danaher Corporation (Danaher) for $24.00 per share in cash (the Transaction), which appears to be an attempt
to create confusion for shareholders ahead of voting on the Transaction. The Scheme Circular will be published in the coming weeks, in line with the Companys disclosure obligations and following the appropriate process with the High Court of
Justice in England and Wales. The information provided within the Scheme Circular will ensure all shareholders are provided with the complete details related to the Transaction including reasons and background to the Board recommendation, Lazard and
Morgan Stanleys advice to the Board, and the process followed. The Company looks forward to engaging with all shareholders following publication of the Scheme Circular.
The acquisition of Abcam by Danaher was unanimously approved and recommended by the Board of Directors of Abcam following a thorough, competitive and
comprehensive sales process, which engaged over 30 counterparties, including more than 20 potential strategic acquirers, leading to multiple bidders. All bidders were given access to the same financial information, consistent with the information
the Company has made public. After receiving offers from multiple bidders, Danahers all cash offer of $24.00 was the highest and best price. The Company believes the recommended all cash offer provides value maximization and certainty of
outcome for all shareholders, as well as a positive outcome for employees and customers.
Abcam is expected to operate as a standalone operating company
and brand within Danahers Life Sciences segment following transaction closing, adding to Danahers presence in the UK where it currently employs almost 5,500 people. Danaher is committed to keeping Abcams headquarters in the UK.
Important Notices
UK Takeover Code does
not apply
Abcam is not a company subject to regulation under the City Code on Takeovers and Mergers (the UK Takeover Code),
therefore no dealing disclosures are required to be made under Rule 8 of the UK Takeover Code by shareholders of Abcam or Danaher.
Forward-Looking
Statements
This announcement contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some
cases, you can identify forward-looking statements by the following words: may, might, will, could, would, should, expect, plan, anticipate,
intend, seek, believe, estimate, predict, potential, continue, contemplate, possible or the negative of these terms or other comparable
terminology, although not all forward-looking statements contain these words. They are not historical facts, nor are they guarantees of future performance. Any express or implied statements contained in this announcement that are not statements of
historical fact may be deemed to be forward-