Business
Publication of a Prospectus
Greencore Group PLC has published a Prospectus approved by the FCA regarding its recommended acquisition of Bakkavor Group PLC, detailing that Bakkavor shareholders will receive 0.604 Greencore shares, 85 pence in cash, and one Contingent Value Right per Bakkavor share. The new Greencore shares, totaling up to 361,902,219 ordinary shares, are expected to be admitted to trading on the London Stock Exchange on January 19, 2026, with the scheme becoming effective on January 16, 2026. Additionally, two Bakkavor directors, Mike Edwards and Lee Miley, are expected to remain on the Bakkavor Board for agreed durations post-completion, differing from the initial intention for all directors to resign. Disclaimer*
About this update from Greencore Group Plc
[{"type":"text","content":"\n\nNOT 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 OR REGULATIONS OF SUCH JURISDICTION\nTHIS ANNOUNCEMENT IS NOT A PROSPECTUS, A PROSPECTUS EQUIVALENT DOCUMENT, A PROSPECTUS EXEMPTION DOCUMENT OR A SCHEME DOCUMENT AND INVESTORS SHOULD NOT MAKE ANY INVESTMENT DECISION IN RELATION TO THE NEW GREENCORE SHARES EXCEPT ON THE BASIS OF INFORMATION IN THE SCHEME DOCUMENT DATED 12 JUNE 2025, THE CIRCULAR DATED 12 JUNE 2025 AND THE PROSPECTUS WHICH IS BEING PUBLISHED TODAY\nFOR IMMEDIATE RELEASE\n8 JANUARY 2026\nRECOMMENDED ACQUISITION\nOF\nBAKKAVOR GROUP PLC (\"Bakkavor\")\nBY\nGREENCORE GROUP PLC (\"Greencore\")\n \nPUBLICATION OF PROSPECTUS\n \nOn 15 May 2025, the Greencore Board and the Bakkavor Board announced that they had reached agreement on the terms of a recommended offer by Greencore for the entire issued and to be issued share capital of Bakkavor (the \"Transaction\").\nUnder the terms of the Transaction, completion of which is subject to the satisfaction (or, where applicable, waiver) of the Conditions, Bakkavor Shareholders will be entitled to receive, in respect of each Bakkavor share held by them: 0.604 Greencore shares, 85 pence in cash, and one Contingent Value Right.\nGreencore announces that a Prospectus (the \"Prospectus\") in respect of the proposed issuance of the New Greencore Shares to Bakkavor Shareholders in connection therewith has been approved by the FCA and published today.\nThe Prospectus, and related documentation, is available, subject to certain restrictions, on Greencore's website at https://www.greencore.com. A copy of the Prospectus will also be submitted to the National Storage Mechanism, where it will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.\nAdmission of New Greencore Shares\nAn application will be made to the LSE for up to 361,902,219 ordinary shares of 1p each to be admitted to trading on the LSE's main market for listed securities. The New Greencore Shares shall rank pari passu in all respects with the Greencore shares currently in issue.\nCapitalised terms defined in the Prospectus have the same meaning when used in this announcement, unless otherwise defined in this announcement.\nExpected ...