Just Retirement Group PLC UK Competition and Markets Authority approval (7564D)
October 28 2015 - 11:07AM
UK Regulatory
TIDMJRG TIDMPA.
RNS Number : 7564D
Just Retirement Group PLC
28 October 2015
FOR IMMEDIATE RELEASE
28 October 2015
Just Retirement Group plc ("Just Retirement") and Partnership
Assurance Group plc ("Partnership Assurance")
UK Competition and Markets Authority ("CMA") approval
The Boards of Just Retirement and Partnership Assurance welcome
today's announcement by the CMA that it has unconditionally cleared
the recommended all-share merger of Just Retirement and Partnership
Assurance to create JRP Group plc (the "Merger") following its
Phase 1 investigation.
The Boards of Just Retirement and Partnership Assurance confirm
that the Just Retirement Shareholder Circular and the Partnership
Assurance Scheme Document are expected to be posted to their
respective shareholders on or around 5 November 2015, with Just
Retirement convening its general meeting to approve the Merger on
23 November 2015, and Partnership Assurance convening its court
meeting and general meeting to approve the Merger on 26 November
2015.
It is expected that the Merger will become effective around late
December 2015, subject to satisfaction or waiver of the outstanding
conditions to the Merger (including the approval of the Merger by
the Prudential Regulation Authority and the Financial Conduct
Authority).
Enquiries:
Just Retirement
Investors: Media:
------------------------ ---------------------------------------------
James Pearce Stephen Lowe Temple Bar Advisory
Group Director Group Communications Alex Child Villiers
of Strategy & Investor Director +44 (0) 207
Relations +44 (0) 1737 002 1080
+44 (0) 7715 085 827 301 William Barker
099 +44 (0)20 7002
1080
------------------------ ---------------------- ---------------------
Partnership
Investors: Media:
----------------------------------- -------------------------------------------------
Katherine Jones Jim Boyd Citigate Dewe
Director of Investor Director of Rogerson
Relations Corporate Affairs Kevin Smith
+44 (0) 207 444 +44 (0) 207 618 + 44 (0) 207
8040 2744 282 1054
katherine.jones@partnership.co.uk pressoffice@partnership.co.uk Shabham Bashir
+44 (0) 207
282 2822
----------------------------------- ------------------------------- ----------------
Important notices
This communication is not intended to and does not constitute an
offer to sell or the solicitation of an offer to subscribe for or
buy or an invitation to purchase or subscribe for any securities or
the solicitation of any vote in any jurisdiction.
This announcement has been prepared in accordance with English
law and the Code, and information disclosed may not be the same as
that which would have been prepared in accordance with laws outside
of the United Kingdom. The release, publication or distribution of
this communication in certain jurisdictions may be restricted by
law and therefore persons in such jurisdictions into which this
communication is released, published or distributed should inform
themselves about and observe such restrictions. Any failure to
comply with the restrictions may constitute a violation of the
securities law of any such jurisdiction.
Barclays Bank PLC, acting through its investment bank
("Barclays"), which is authorised by the Prudential Regulation
Authority and regulated by the Financial Conduct Authority and the
Prudential Regulation Authority in the United Kingdom, is acting
for Just Retirement and no one else in connection with the matters
referred to in this announcement and will not be responsible to
anyone other than Just Retirement for providing the protections
afforded to clients of Barclays, or for giving advice in connection
with the matters referred to in this announcement or any matter
referred to herein.
Fenchurch Advisory Partners LLP ("Fenchurch"), which is
authorised and regulated by the Financial Conduct Authority in the
United Kingdom, is acting for Just Retirement and no one else in
connection with the matters referred to in this announcement and
will not be responsible to anyone other than Just Retirement for
providing the protections afforded to clients of Fenchurch, or for
giving advice in connection with the matters referred to in this
announcement or any matter referred to herein.
Deutsche Bank AG, acting through its London branch ("Deutsche
Bank"), is acting as a corporate broker to Just Retirement and no
other person in connection with this announcement or its contents.
Deutsche Bank will not be responsible to any person other than Just
Retirement for providing any of the protections afforded to clients
of Deutsche Bank, nor for providing any advice in relation to any
matter referred to herein. Deutsche Bank AG is authorised under
German Banking Law (competent authority: European Central Bank)
and, in the United Kingdom, by the Prudential Regulation Authority.
It is subject to supervision by the European Central Bank and by
BaFin, Germany's Federal Financial Supervisory Authority, and is
subject to limited regulation in the United Kingdom by the
Prudential Regulation Authority and Financial Conduct Authority.
Details about the extent of its authorisation and regulation by the
Prudential Regulation Authority, and regulation by the Financial
Conduct Authority, are available on request.
Nomura International Plc ("Nomura"), which is authorised and
regulated by the Financial Conduct Authority in the United Kingdom,
is acting for Just Retirement and no one else in connection with
the matters referred to in this announcement and will not be
responsible to anyone other than Just Retirement for providing the
protections afforded to clients of Nomura, or for giving advice in
connection with the matters referred to in this announcement or any
matter referred to herein.
Evercore Partners International LLP ("Evercore"), which is
authorised and regulated in the United Kingdom by the Financial
Conduct Authority, is acting for Partnership Assurance and no one
else in connection with the matters referred to in this
announcement and will not be responsible to anyone other than
Partnership Assurance for providing the protections afforded to
clients of Evercore, or for giving advice in connection with the
matter referred to in this announcement or any matter referred to
herein.
J.P. Morgan Limited ("J.P. Morgan Cazenove"), which conducts its
United Kingdom investment banking business as J.P. Morgan Cazenove,
which is authorised and regulated in the United Kingdom by the
Financial Conduct Authority, is acting exclusively for Partnership
Assurance and no one else in connection with the matters referred
to in this announcement and will not be responsible to anyone other
than Partnership Assurance for providing the protections afforded
to its clients or for providing advice in relation to the matters
referred to in this announcement, the contents of this announcement
or any other matter referred to herein.
Morgan Stanley & Co. International plc ("Morgan Stanley"),
which is authorised and regulated by the Prudential Regulation
Authority and regulated by the Financial Conduct Authority and the
Prudential Regulation Authority in the United Kingdom, is acting
exclusively as financial adviser to Partnership Assurance and no
one else in connection with the matters referred to in this
announcement, and Morgan Stanley, its affiliates and its and their
respective directors, officers, employees and agents will not be
responsible to anyone other than Partnership Assurance for
providing the protections afforded to its and their clients or for
providing advice in relation to the matters referred to in this
announcement, the contents of this announcement or any other matter
referred to herein.
Publication of this announcement
A copy of this announcement will be available free of charge,
subject to certain restrictions relating to persons resident in
restricted jurisdictions, on Partnership Assurance's website at
www.partnership-group.com and on Just Retirement's website at
www.justretirementgroup.com, by no later than 12 noon (London time)
on the business day following the date of this announcement. The
content of the website referred to in this announcement is not
incorporated into and does not form part of this announcement.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MERLLFVSIILTFIE
(END) Dow Jones Newswires
October 28, 2015 11:07 ET (15:07 GMT)
Partnership (LSE:PA.)
Historical Stock Chart
From Jun 2024 to Jul 2024
Partnership (LSE:PA.)
Historical Stock Chart
From Jul 2023 to Jul 2024
