Business
Satisfaction of Regulatory Condition
Satisfaction of Regulatory Condition.
About this update from Future Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3798K\n Future PLC\n 04 January 2021\n \n \n \n \n 4 January 2021\n \n \n NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION \n \n \n RECOMMENDED CASH AND SHARE ACQUISITION\n \n \n of\n \n \n GoCo Group plc\n \n \n by\n \n \n Future plc\n \n \n to be effected by means of a Scheme of Arrangement \n \n \n under Part 26 of the Companies Act 2006\n \n \n \n \n \n Satisfaction of Regulatory Condition\n \n \n On 25 November 2020, the Boards of Future plc (\"Future\") and GoCo Group plc (\"GoCo Group\") announced that they had reached an agreement on the terms of a recommended acquisition of the entire issued and to be issued share capital of GoCo Group (the \"Acquisition\"). The Acquisition is to be effected by means of a scheme of arrangement under Part 26 of the Companies Act (the \"Scheme\"). The circular in relation to the Scheme (the \"Scheme Document\") was posted to GoCo Group Shareholders on 14 December 2020. \n \n \n FCA Approval\n \n \n \n The Acquisition is subject to the Conditions set out in Part III of the Scheme Document including the receipt of approval from the FCA.\n \n \n Future is pleased to announce that the FCA has given written notice in accordance with Part XII of FSMA of its approval of the acquisition of control of the FCA regulated subsidiary of GoCo Group by Future thereby satisfying the FCA approval Condition.\n \n \n Next steps\n \n \n The Scheme remains subject to the satisfaction or (if capable of waiver) waiver of certain remaining Conditions, including approval by shareholders at the GoCo Group Meetings and Future General Meeting, which are to be held on 14 January 2021, sanction of the Scheme at the Scheme Hearing,\n and the delivery of a certified copy of the Court Order to the Registrar of Companies for registration.\n \n \n Enquiries\n \n \n \n \n \n Future plc\n \n \n Zillah Byng-Thorne, Chief Executive Officer\nRachel Addison, Chief Financial Officer\nMarion Le Bot, Head of Investor Relations\n \n \n \n \n \n \n \n Tel: +44 (0)1225 442244\n \n \n \n \n \n \n Goldman Sachs International (Joint Financial Advisers and Joint Corporate Broker to Future plc)\n \n \n Owain Evans\nKhamra...