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Xafinity Plc

Xafinity PLC Publication of Prospectus

Further to the announcement by Xafinity PLC (LON:XAF) on 7 December regarding the proposed acquisition from Punter Southall Group Limited of its actuarial consulting, pensions administration and investment consulting businesses for a total consideration of up to approximately £153 million, and the proposed Capital Raising to raise gross proceeds of approximately £70 million, the Company has today announced that the document comprising a combined class 1 circular and prospectus relating to the Acquisition and the Capital Raising (the “Prospectus”) has been approved by the UK Listing Authority.

 

Copies of the Prospectus along with the Form of Proxy and, where applicable, the Application Form, will be posted to Shareholders today. The Acquisition and the Capital Raising are subject to the approval of Shareholders and, accordingly, the Prospectus contains a notice of a general meeting of the Company.  The Prospectus will be made available on Xafinity’s website (www.xafinity.com) and will be submitted to the National Storage Mechanism, where it will be available for inspection at www.morningstar.co.uk/uk/NSM.

 

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.