SIG PLC Acquisition of shares by CD&R (0127B)
October 02 2020 - 12:13PM
UK Regulatory
TIDMSHI
RNS Number : 0127B
SIG PLC
02 October 2020
2 October 2020
SIG plc
("SIG" or the "Company")
Acquisition of shares by CD&R
SIG has been notified today that funds managed by Clayton,
Dubilier & Rice LLC ("CD&R") have acquired further ordinary
shares in the Company, resulting in CD&R increasing its holding
by approximately 0.4% to 27.1% of the total issued share capital of
the Company. The acquisition is in line with the terms of the
relationship agreement entered into between the Company and
CD&R on 29 May 2020 which permits CD&R to acquire ordinary
shares in the capital of the Company unless such acquisition would
result in CD&R and its concert parties being interested, in
aggregate, in excess of 29.9% of the ordinary shares of the Company
or voting rights attaching to ordinary shares which are generally
exercisable at general meetings.
SIG welcomes the increased investment by CD&R in its role as
a long-term supportive shareholder and as a continuing endorsement
of the Company's new strategy which was announced on 29 May
2020.
LEI: 213800VDC1BKJEZ8PV53
Enquires
SIG plc
Andrew Allner, Chairman +44 (0) 114 285 6300
Steve Francis, Chief Executive Officer +44 (0) 114 285 6300
Ian Ashton, Chief Financial Officer +44 (0) 114 285 6300
FTI Consulting
Richard Mountain / Susanne Yule +44 ( 0) 20 3727 1340
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END
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