Business
Publication of Prospectus
Publication of Prospectus.
About this update from Xps Pensions Group Plc
[{"type":"text","content":"\n \nRNS Number : 7622Y Xafinity PLC 08 December 2017 \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 \n \n8 December 2017\n \nXafinity plc\n \nPublication of Prospectus\n \n \nFurther to the announcement by Xafinity plc (\"Xafinity\" or the \"Company\") (ticker: XAF) on 7 December regarding the proposed acquisition from Punter Southall Group Limited of its actuarial consulting, pensions administration and investment consulting businesses for a total consideration of up to approximately £153 million, and the proposed Capital Raising to raise gross proceeds of approximately £70 million, the Company announces that the document comprising a combined class 1 circular and prospectus relating to the Acquisition and the Capital Raising (the \"Prospectus\") has been approved by the UK Listing Authority.\n \nCopies of the Prospectus along with the Form of Proxy and, where applicable, the Application Form, will be posted to Shareholders today. The Acquisition and the Capital Raising are subject to the approval of Shareholders and, accordingly, the Prospectus contains a notice of a general meeting of the Company. The Prospectus will be made available on Xafinity's website (www.xafinity.com) and will be submitted to the National Storage Mechanism, where it will be available for inspection at www.morningstar.co.uk/uk/NSM.\n \nCapitalised terms used but not defined in this announcement have the same meanings as set out in the Prospectus.\n \nFor further information please contact:\n \n\n\n\n\nXafinity plc \nPaul Cuff, Co-CEO\n\n\n\n\n\n+44 (0) 118 918 5110\n\n\n\n\nDeloitte LLP (Sponsor and Financial Adviser)\n\n\n\n\n\n+4...