Business
Schroders statement regarding NSF's offer
Schroders statement regarding NSF's offer.
About this update from Vanquis Banking Group Plc
[{"type":"text","content":"\n \nRNS Number : 4827Z Provident Financial PLC 20 May 2019 \n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION\n \nFOR IMMEDIATE RELEASE\n \n20 May 2019\n \nProvident Financial plc (\"Provident\")\nSchroders statement regarding NSF's unsolicited offer\n \nSchroders statement on Friday 17th May regarding NSF's unsolicited offer is published below.\n \nThe Provident Board believes that the offer is significantly flawed and value destructive, and urges its shareholders to take no action in relation to NSF's offer.\n………………………………………………………………………………………………………………………\nSchroders comments on the NSF Offer for Provident Financial:\nKevin Murphy, Fund Manager, Schroders:\n \"We have noted the announcement from NSF that its Offer for Provident Financial has become unconditional as to acceptances. \n \"We remain of the view that it is in the best interests of those PFG shareholders who are not also shareholders in NSF to reject the NSF Offer and continue to hold premium listed PFG stock, confident in the protection for minority shareholders that this provides.\"\n………………………………………………………………………………………………………………………\n \nEnquiries \nProvident Financial plc, Tel: +44 12 7435 1135\nPatrick Snowball, Chairman \nMalcolm Le May, Chief Executive Officer\nGary Thompson / Vicki Turner, Investor Relations, Tel: +44 12 7435 1900\nRichard King, Media, Tel: +44 20 3620 3073\n \nBarclays (Joint Lead Financial Adviser and Corporate Broker to Provident Financial) \nRichard Taylor, Tel: +44 20 7623 2323 \nKunal Gandhi \nFrancesco Ceccato \nDerek Shakespeare \n\nJ.P. Morgan Cazenove (Joint Lead Financial Adviser and Corporate Broker to Provident Financial) \nEd Byers, Tel: +44 20 7742 4000 \nJeremy Capstick \nClaire Brooksby \nJames Robinson \n \nJefferies (Financial Adviser to Provident Financial)\nGraham Davidson, Tel: +44 20 7029 8000\nPhilip Noblet\nBarry O'Brien\n\nBrunswick (PR Adviser to Provident Financial) \nNick Cosgrove, Tel: +44 20 7404 5959 \nCharles Pretzlik \nSimone Selzer\n \nFurther Infor...