Business
Completion of Acquisition
Completion of Acquisition.
About this update from Xps Pensions Group Plc
[{"type":"text","content":"\n \nRNS Number : 5932B Xafinity PLC 11 January 2018 \n\nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED IN IT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR INTO ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.\n \nTHIS ANNOUNCEMENT, WHICH DOES NOT CONSTITUTE A PROSPECTUS OR PROSPECTUS EQUIVALENT DOCUMENT, IS NOT AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITIES, AND NEITHER THIS ANNOUNCEMENT NOR ANYTHING HEREIN FORMS THE BASIS FOR ANY CONTRACT OR COMMITMENT WHATSOEVER.\n \n11 January 2018\n \nXafinity plc\n \nCompletion of Acquisition\n \n \nXafinity plc (\"Xafinity\" or the \"Company\") (ticker: XAF) is pleased to announce that its acquisition of Punter Southall Group Limited's actuarial consulting, pensions administration and investment consulting businesses, previously announced on 7 December 2017, has completed.\n \nAdmission of the 25,766,871 Completion Shares issued in connection with the Acquisition occurred at 8.00 a.m. today (11 January 2017). The Completion Shares have been admitted to the premium listing segment of the Official List and to trading on London Stock Exchange's Main Market.\n \nThe Company is also pleased to confirm that, as previously announced, with effect from Completion (which took place today), John Batting and Jonathan Punter have each been appointed to the board of directors of the Company. The information required by LR 9.6.13R with respect to the new directors was set out in paragraph 7 of Part 22 (Additional Information) of the class 1 circular and prospectus dated 7 December 2017 that was published by Xafinity on 8 December 2017 (the \"Prospectus\").\n \nThe issued share capital of the Company following Admission of the Completion Shares is 203,839,585 Ordinary Shares. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of votes exercisable on a poll is 203,839,585. This figure may be used by Shareholders as the denominator for the calculations by which they will determine whether they are required to not...