SIG PLC Update re Building Solutions disposal (0301J)

TIDMSHI

RNS Number : 0301J

SIG PLC

07 April 2020

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

LEI: 213800VDC1BKJEZ8PV53

7 April 2020

SIG plc

Referral for Phase 2 Investigation of the Proposed Disposal of Building Solutions to Kingspan Group

On 7 October 2019, SIG plc ("SIG"), a leading supplier of specialist building materials to trade customers across Europe, announced the disposal of Building Solutions (National) Limited ("Building Solutions") to Kingspan Group, a global leader in building envelope solutions based in Ireland (the "Disposal") for a consideration of GBP37.5m on a cash free, debt free basis. The Disposal was conditional upon the approval of the UK Competition & Markets Authority ("CMA").

SIG notes that the CMA has today announced that it has referred the Disposal for a Phase 2 investigation. Further announcements will be made in due course as appropriate.

Contacts

 
                                 +44 (0) 114 285 
 SIG plc                          6300 
 Andrew Allner, Chairman 
  Steve Francis, CEO 
  Kath Kearney-Croft, Interim 
  CFO 
 
                                 +44 (0) 20 3727 
 FTI Consulting                   1340 
 Richard Mountain

This announcement contains inside information. The person responsible for making this notification is Kulbinder Dosanjh, Company Secretary.

Cautionary statement

This announcement is not intended to, and does not constitute, or form part of, any offer to sell or an invitation to purchase or subscribe for any securities or a solicitation of any vote or approval in any jurisdiction. The information contained in this announcement is not for release, publication or distribution to persons in any jurisdiction where to do so might constitute a violation of local securities laws or regulations.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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