Partnership Assurance Group PLC Statement re. Suspension (9791T)
April 01 2016 - 1:20PM
UK Regulatory
TIDMPA.
RNS Number : 9791T
Partnership Assurance Group PLC
01 April 2016
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, IN, INTO
OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
FOR IMMEDIATE RELEASE
1 April 2016
Partnership Assurance Group plc
("Partnership Assurance")
Recommended all-share merger of Partnership Assurance and Just
Retirement Group plc
Suspension of listing and trading in Partnership Assurance
Shares
Partnership Assurance announces that, with effect from 5.00 p.m.
(London time) today, 1 April 2016, listing of the Partnership
Assurance Shares on the premium listing segment of the Official
List of the UK Listing Authority and trading in Partnership
Assurance Shares on the London Stock Exchange's main market for
listed securities were suspended.
The Scheme is expected to become Effective on 4 April 2016.
The delisting of Partnership Assurance Shares from the premium
listing segment of the Official List of the UK Listing Authority
and the cancellation of admission to trading of Partnership
Assurance Shares on the London Stock Exchange's main market for
listed securities have been applied for and, subject to the Scheme
becoming Effective, are expected to take effect at 8.00 a.m.
(London time) on 4 April 2016.
Full details of the Merger are set out in the Scheme Document
dated 5 November 2015 and supplementary Scheme Document dated 14
March 2016. Capitalised terms used but not otherwise defined in
this announcement have the meaning given to them in the Scheme
Document.
Enquiries:
Investors: Media:
Katherine Jones Jim Boyd Citigate
Director of Investor Relations Director of Corporate Dewe Rogerson
+44 (0) 20 7444 8040 Affairs Grant Ringshaw
+44 (0) 20 7618 +44 (0) 20 7282
2744 2851
Shabnam Bashir
+44 (0) 20 7282
2822
Financial Advisors:
Evercore (Lead financial adviser to Partnership
Assurance)
Andrew Sibbald +44 (0) 20 7653 6000
Nick Chapman +44 (0) 20 7653 6000
J.P. Morgan Cazenove (Financial adviser and
corporate broker to Partnership Assurance)
Conor Hillery +44 (0) 20 7742 4000
Mike Collar +44 (0) 20 7742 4000
Morgan Stanley (Financial adviser and corporate
broker to Partnership Assurance)
Matt Cannon +44 (0) 20 7425 8000
Ben Grindley +44 (0) 20 7425 8000
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.
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 Just Retirement Group plc'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 websites referred to in this announcement is not
incorporated into and does not form part of this announcement.
Dealing disclosure requirements of the Code
Under Rule 8.3(a) of the Code, any person who is interested
(directly or indirectly) in one per cent. or more of any class of
relevant securities of an offeree company or of any securities
exchange offeror (being any offeror other than an offeror in
respect of which it has been announced that its offer is, or is
likely to be, solely in cash) must make an Opening Position
Disclosure following the commencement of the offer period and, if
later, following the announcement in which any securities exchange
offeror is first identified.
An Opening Position Disclosure must contain details of the
person's interests and short positions in, and rights to subscribe
for, any relevant securities of each of (i) the offeree company and
(ii) any securities exchange offeror(s). An Opening Position
Disclosure by a person to whom Rule 8.3(a) applies must be made by
no later than 3.30 p.m. on the 10(th) Business Day following the
commencement of the Offer Period and, if appropriate, by no later
than 3.30 p.m. on the 10(th) Business Day following the
announcement in which any securities exchange offeror is first
identified. Relevant persons who deal in the relevant securities of
the offeree company or of a securities exchange offeror prior to
the deadline for making an Opening Position Disclosure must instead
make a Dealing Disclosure.
Under Rule 8.3(b) of the Code, any person who is, or becomes,
interested in one per cent. or more of any class of relevant
securities of the offeree company or of any securities exchange
offeror must make a Dealing Disclosure if the person deals in any
relevant securities of the offeree company or of any securities
exchange offeror. A Dealing Disclosure must contain details of the
dealing concerned and of the person's interests and short positions
in, and rights to subscribe for, any relevant securities of each of
(i) the offeree company and (ii) any securities exchange
offeror(s), save to the extent that these details have previously
been disclosed under Rule 8. A Dealing Disclosure by a person to
whom Rule 8.3(b) applies must be made by no later than 3.30 p.m. on
the Business Day following the date of the relevant dealing.
If two or more persons act together pursuant to an agreement or
understanding, whether formal or informal, to acquire or control an
interest in relevant securities of an offeree company or a
securities exchange offeror, they will be deemed to be a single
person for the purpose of Rule 8.3.
Opening Position Disclosures must also be made by the offeree
company and by any offeror and Dealing Disclosures must also be
made by the offeree company, by any offeror and by any persons
acting in concert with any of them (see Rules 8.1, 8.2 and
8.4).
Details of the offeree and offeror companies in respect of whose
relevant securities Opening Position Disclosures and Dealing
Disclosures must be made can be found in the Disclosure Table on
the Panel's website at www.thetakeoverpanel.org.uk, including
details of the number of relevant securities in issue, when the
offer period commenced and when any offeror was first identified.
If you are in any doubt as to whether you are required to make an
Opening Position Disclosure or a Dealing Disclosure, you should
contact the Panel's Market Surveillance Unit on +44 (0)20 7638
0129.
This information is provided by RNS
The company news service from the London Stock Exchange
END
SRSLLFLDSRILIIR
(END) Dow Jones Newswires
April 01, 2016 13:20 ET (17:20 GMT)
Partnership (LSE:PA.)
Historical Stock Chart
From Sep 2024 to Oct 2024
Partnership (LSE:PA.)
Historical Stock Chart
From Oct 2023 to Oct 2024