Business
Acquisition of shares by CD&R
Acquisition of shares by CD&R.
About this update from Sig Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 0127B\n SIG PLC\n 02 October 2020\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 2 October\n 2020\n \n \n SIG plc\n \n \n (\"SIG\" or the \"Company\")\n \n \n \n \n \n Acquisition of shares by CD&R\n \n \n \n \n \n SIG has been notified today that funds managed by Clayton, Dubilier & Rice LLC (\"CD&R\") have acquired further ordinary shares in the Company, resulting in CD&R increasing its holding by approximately 0.4% to 27.1% of the total issued share capital of the Company. The acquisition is in line with the terms of the relationship agreement entered into between the Company and CD&R on 29 May 2020 which permits CD&R to acquire ordinary shares in the capital of the Company unless such acquisition would result in CD&R and its concert parties being interested, in aggregate, in excess of 29.9% of the ordinary shares of the Company or voting rights attaching to ordinary shares which are generally exercisable at general meetings.\n \n \n SIG welcomes the increased investment by CD&R in its role as a long-term supportive shareholder and as a continuing endorsement of the Company's new strategy which was announced on 29 May 2020. \n \n \n \n \n \n LEI: 213800VDC1BKJEZ8PV53\n \n \n \n \n \n Enquires\n \n \n \n \n \n SIG plc \n \n \n Andrew Allner, Chairman +44 (0) 114 285 6300\n \n \n Steve Francis, Chief Executive Officer +44 (0) 114 285 6300\n \n \n Ian Ashton, Chief Financial Officer +44 (0) 114 285 6300 \n \n \n \n \n \n FTI Consulting\n \n \n Richard Mountain / Susanne Yule +44 (\n 0) 20 3727 1340\n \n \n \n This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@...