Business
Corporate Reorganisation - Documents Publication
Corporate Reorganisation - Documents Publication.
About this update from Tp Icap Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 9628K\n TP ICAP PLC\n 07 January 2021\n \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 OR REGULATIONS OF SUCH JURISDICTION.\n \n 7 January 2021\n \n TP ICAP plc\n Corporate Reorganisation - Distribution of Circular and Publication of Prospectus\n On 23 December 2019, TP ICAP plc (TP ICAP) announced its intention to implement a corporate reorganisation pursuant to which it is proposed that a new ultimate holding company be introduced for the TP ICAP group (the Group). The new ultimate holding company, TP ICAP Group plc, is a company registered in Jersey with company number 130617 (New TP ICAP). It is intended that the Group's new corporate structure will be implemented by means of a scheme of arrangement under Part 26 of the Companies Act 2006, which requires the approval of the TP ICAP Shareholders (as defined below) and the sanction of the Court (the Scheme).\n Further to that announcement, TP ICAP announces that a circular in connection with the Scheme will be published today and distributed to its shareholders (the Circular). TP ICAP also announces that a prospectus in relation to New TP ICAP, the Group and the introduction of the New TP ICAP Ordinary Shares to the premium listing segment of the Official List and to trading on the London Stock Exchange's main market for listed securities (the Prospectus) has now received approval from the Financial Conduct Authority (the FCA) and will also be published today. \n In summary, it is proposed that:\n \n · pursuant to the Scheme, New TP ICAP will issue ordinary shares (New TP ICAP Ordinary Shares) to holders of ordinary shares in TP ICAP (TP ICAP Ordinary Shares) on a one-for-one basis. New share certificates, for shareholders who hold their shares in certificated form, will be issued for New TP ICAP Ordinary Shares and existing certificates in respect of TP ICAP Ordinary Shares will be cancelled. For shareholders who hold their shares in a CREST account, New TP ICAP Ordinary Shares will be credited to the relevant CREST member account;\n \n · New TP ICAP Ordinary Shares will be listed on the premium listing segment of the Official List and traded on the main market of the London Sto...