Business
Recommended Cash Offer for Ascential plc
Recommended Cash Offer for Ascential plc.
About this update from Informa 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 contains inside information\nFOR IMMEDIATE RELEASE\n24 July 2024\nRECOMMENDED CASH OFFER\nfor Ascential PLC (\"Ascential\")\nBY Informa PLC (\"Informa\")\nto be effected by means of a Scheme of Arrangement\nunder Part 26 of the Companies Act 2006\nCommenting on the Offer, Stephen A. Carter, Chief Executive of Informa, said:\n\"Informa is in the business of creating, nurturing and growing world class B2B brands. Lions and Money20/20 are outstanding examples of such brands. Combined, we can expand them into more sectors, accelerate growth and take advantage of new opportunities.\"\nHe added:\n\"Informa has the operating platform and capacity. We have international reach into growth sectors. We have IIRIS, our First Party Data Platform, and we have an understanding of both the FinTech and Marketing sectors.\"\n\"These strengths make us ideally placed to capture the growth and acceleration opportunities available to both Lions and Money20/20.\"\nCommenting on the Offer, Philip Thomas, Chief Executive of Ascential, said:\n\"I am extremely proud of all of Ascential's brands, and the people who work so hard to deliver for them every day. Our two divisions, Lions and Money20/20, have transformed how our customers around the world experience events, and benefit from both digital intelligence and advisory services. The value our businesses bring to their respective industries is clear as is the regard in which they are held by Informa.\nInforma is a highly respected business, famed for its expertise in B2B events, strong, ethical culture and commitment to innovation. This offer will not only deliver substantial value for our shareholders but also, together with Informa's international footprint and extensive capabilities in data and analytics, will unlock further growth opportunities for our brands and our people.\"\nSummary\n· The boards of Informa and Ascential are pleased to announce that they have reached agreement on the terms of a recommended cash offer for the entire issued and to be issued ordinary share capital of Ascential. It is in...