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Xafinity Plc

Xafinity PLC Completion of Acquisition

Xafinity PLC (LON:XAF) has today announced that its acquisition of Punter Southall Group Limited’s actuarial consulting, pensions administration and investment consulting businesses, previously announced on 7 December 2017, has completed.

 

Admission of the 25,766,871 Completion Shares issued in connection with the Acquisition occurred at 8.00 a.m. today (11 January 2017).  The Completion Shares have been admitted to the premium listing segment of the Official List and to trading on London Stock Exchange’s Main Market.

 

The Company is also pleased to confirm that, as previously announced, with effect from Completion (which took place today), John Batting and Jonathan Punter have each been appointed to the board of directors of the Company.  The information required by LR 9.6.13R with respect to the new directors was set out in paragraph 7 of Part 22 (Additional Information) of the class 1 circular and prospectus dated 7 December 2017 that was published by Xafinity on 8 December 2017 (the “Prospectus”).

 

The issued share capital of the Company following Admission of the Completion Shares is 203,839,585 Ordinary Shares.  The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of votes exercisable on a poll is 203,839,585.  This figure may be used by Shareholders as the denominator for the calculations by which they will determine whether they are required to notify their voting rights interest, or a change to that interest, in the Company under the FCA’s Disclosure Guidance and Transparency Rules.

 

Unless otherwise stated, capitalised terms used but not defined in this announcement have the same meanings as set out in the Prospectus.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.