Business
Completion of Disposal of Plumbing & Heatin...
Completion of Disposal of Plumbing & Heatin....
About this update from Travis Perkins Plc
[{"type":"text","content":"\n \n\n\nTravis Perkins (TPK)\n\n\n\nTravis Perkins: Completion of Disposal of Plumbing & Heating Business30-Sep-2021 / 11:49 GMT/BSTDissemination of a Regulatory Announcement, transmitted by EQS Group.The issuer is solely responsible for the content of this announcement.\n\nCompletion of the P&H Disposal\n\nOn 20 May 2021, Travis Perkins plc (\"Travis Perkins\" or the \"Company\") announced the disposal of its Plumbing & Heating distribution business to an affiliate of H.I.G. Capital for cash consideration of £325 million (the \"P&H Disposal\") and its intention to return the proceeds of such disposal to shareholders.\n\nTravis Perkins is pleased to announce that completion of the P&H Disposal occurred on 30 September 2021. In accordance with the announcement on 21 September 2021, Travis Perkins will distribute the net proceeds of the P&H Disposal to shareholders through a combination of a special dividend and a share buyback programme.\n\nFor further information please contact:\n\nTravis Perkins Powerscourt\n\nMatt Worster Justin Griffiths / James White\n\n+44 (0) 7990 088548 +44 (0) 207 2501446\n\[email protected] [email protected]\n\nHeinrich Richter\n\n+44 (0) 7392 125417\n\[email protected]\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\nISIN:\n\tGB00BK9RKT01\nCategory Code:\n\tMSCU\nTIDM:\n\tTPK\nLEI Code:\n\t2138001I27OUBAF22K83\nOAM Categories:\n 3.1. Additional regulated information required to be disclosed under the laws of a Member State\nSequence No.:\n\t123291\nEQS News ID:\n\t1237142\n \nEnd of Announcement\n\tEQS News Service\n\n\n\n\n\n\n\n\n ","length":5766,"tagName":"div"}]