IFG Group plc: Scheme is Effective (864801)
August 28 2019 - 9:47AM
UK Regulatory
IFG Group plc (IFP)
IFG Group plc: Scheme is Effective
28-Aug-2019 / 14:47 GMT/BST
Dissemination of a Regulatory Announcement that contains inside information
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR
FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION
FOR IMMEDIATE RELEASE
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
28 August 2019
RECOMMENDED CASH OFFER
for
IFG GROUP PLC
by
SAINTMICHELCO LIMITED
A WHOLLY-OWNED INDIRECT SUBSIDIARY OF FUNDS ADVISED BY EPIRIS LLP TO BE
IMPLEMENTED BY WAY OF A SCHEME OF ARRANGEMENT (THE "SCHEME") UNDER CHAPTER 1
OF PART 9 OF THE COMPANIES ACT 2014
SCHEME IS EFFECTIVE
The board of directors of IFG Group plc ("IFG") announces that the Scheme
became effective today, 28 August 2019.
Despatch of cheques and crediting of CREST accounts for Consideration due
under the Scheme is expected to occur on 11 September 2019, in accordance
with the terms of the Scheme.
Trading of IFG shares on Euronext Dublin and the main market of the London
Stock Exchange has been suspended from 7:30 a.m. today and cancellation of
IFG shares to trading on Euronext Dublin and the main market of the London
Stock Exchange will take effect from 8:00 a.m. on 29 August 2019.
Following the Scheme becoming Effective, David Paige, Peter Priestley, and
Cara Ryan have resigned as non-executive directors of IFG, and Owen Wilson
and Bill Priestley have been appointed as non-executive directors of IFG,
with immediate effect.
Except as otherwise defined herein, capitalised terms used but not defined
in this announcement have the same meanings as given to them in the Scheme
Document published on 9 April 2019.
Enquiries:
IFG
Kathryn Purves / Gavin Howard +44 20 3887 6181
Evercore (Joint Lead Financial Adviser and Rule 3 Adviser to
IFG)
Ollie Clayton / Nick Chapman / Demetris +44 20 7653 6000
Efthymiou
Goodbody (Joint Lead Financial Adviser, Rule 3 Adviser and
Corporate Broker to IFG)
Stephen Kane / Charlotte Craigie +353 (0)1 667 0400
+44 203 841 6220
Macquarie Capital (Europe) Limited (Financial Adviser and
Corporate Broker to IFG)
Jonny Allison / Alex Reynolds +44 20 3037 2000
Statement required by the Takeover Rules
The directors of IFG accept responsibility for the information contained in
this announcement. To the best of the knowledge and belief of the directors
of IFG (who have taken all reasonable care to ensure such is the case), the
information contained in this announcement is in accordance with the facts
and does not omit anything likely to affect the import of such information.
Evercore Partners International LLP ("Evercore"), which is authorised and
regulated by the Financial Conduct Authority in the UK, is acting
exclusively as financial adviser to IFG and no one else in connection with
the matters described in this announcement and will not be responsible to
anyone other than IFG for providing the protections afforded to clients of
Evercore, or for providing advice in connection with the matters referred to
herein. Neither Evercore nor any of its subsidiaries, branches or affiliates
owes or accepts any duty, liability or responsibility whatsoever (whether
direct or indirect, whether in contract, in tort, under statute or
otherwise) to any person who is not a client of Evercore in connection with
this announcement or any matter referred to herein.
Goodbody Stockbrokers UC, trading as Goodbody ("Goodbody"), which is
regulated by the Central Bank of Ireland and in the UK, Goodbody is
authorised and subject to limited regulation by the Financial Conduct
Authority, is acting exclusively for IFG and no one else in connection with
the matters referred to in this announcement and will not be responsible to
anyone other than IFG for providing the protections afforded to clients of
Goodbody, or for providing advice in connection with the matters referred to
in this announcement and will not be responsible to anyone other than IFG
for providing the protections afforded to clients of Goodbody, or for
providing advice in connection with the matters referred to herein. Neither
Goodbody nor any of its subsidiaries or affiliates owes or accepts any duty,
liability or responsibility whatsoever (whether direct or indirect, whether
in contract, in tort, under statute or otherwise) to any person who is not a
client of Goodbody in connection with this announcement or any matter
referred to herein.
Macquarie Capital (Europe) Limited ("Macquarie"), which is authorised and
regulated in the United Kingdom by the Financial Conduct Authority, is
acting exclusively for IFG and no one else in connection with the matters
referred to in this announcement and will not be responsible to anyone other
than IFG for providing the protections afforded to clients of Macquarie, or
for providing advice in connection with the matters referred to in this
announcement, or for providing advice in connection with the matters
referred to herein. Neither Macquarie nor any of its subsidiaries or
affiliates owes or accepts any duty, liability or responsibility whatsoever
(whether direct or indirect, whether in contract, in tort, under statute or
otherwise) to any person who is not a client of Macquarie in connection with
this announcement or any matter referred to herein.
This announcement is for information purposes only and is not intended to,
and does not, constitute or form any part of any offer or invitation, or the
solicitation of an offer, to purchase or otherwise acquire, subscribe for,
sell or otherwise dispose of any securities or the solicitation of any vote
or approval in any jurisdiction pursuant to the Acquisition or otherwise,
nor shall there be any sale, issuance or transfer of securities in any
jurisdiction in contravention of applicable law. The Acquisition will be
made solely by means of the Scheme Document (or, if applicable, the Takeover
Offer Document), which will contain the full terms and conditions of the
Acquisition, including details of how to vote in respect of the Acquisition.
Any decision in respect of, or other response to, the Acquisition, should be
made only on the basis of the information contained in the Scheme Document
(or, if applicable, the Takeover Offer Document).
This announcement has been prepared for the purpose of complying with the
laws of Ireland and the Takeover Rules and the information disclosed may not
be the same as that which would have been disclosed if this announcement had
been prepared in accordance with the laws of jurisdictions outside of
Ireland.
Publication on website
A copy of this announcement will be available, free of charge (subject to
certain restrictions relating to persons resident in Restricted
Jurisdictions) on INM's website at www.inmplc.com by no later than 12.00
p.m. on the business day following this announcement. The contents of INM's
website are not incorporated into, and do not form part of, this
announcement.
ISIN: IE0002325243
Category Code: OUP
TIDM: IFP
LEI Code: 213800DDLICUJ14JTY47
OAM Categories: 2.2. Inside information
Sequence No.: 18299
EQS News ID: 864801
End of Announcement EQS News Service
(END) Dow Jones Newswires
August 28, 2019 09:47 ET (13:47 GMT)
Ifg (LSE:IFP)
Historical Stock Chart
From Nov 2024 to Dec 2024
Ifg (LSE:IFP)
Historical Stock Chart
From Dec 2023 to Dec 2024
