Completion of demerger and admission of shares ...

WICKES GROUP PLC (WIX)
WICKES GROUP PLC: Completion of demerger and admission of shares in Wickes

28-Apr-2021 / 07:00 GMT/BST
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

 

28 April 2021

 

Wickes Group plc

("Wickes" or the "Group")

 

Completion of demerger and admission of shares in Wickes

 

Wickes is pleased to announce the completion of the demerger of Wickes from Travis Perkins plc ("Travis Perkins") following the General Meeting of Travis Perkins shareholders yesterday who approved the demerger.

 

The shares of Wickes (ticker "LSE: WIX") will be admitted at 8.00am today to the premium listing segment of the Official List and to trading on the main market of the London Stock Exchange.

 

CREST accounts will be credited with Wickes shares shortly after 8.00am today. It is expected that Wickes shareholders with holdings in certificated form will be sent share certificates in respect of their holdings of Wickes shares in the week commencing 10 May 2021.

 

On Admission, Wickes' issued share capital consisted of 252,143,923 shares with a nominal value of £0.10 each and all Wickes shares carry voting rights of one vote per share. Wickes does not hold any shares in treasury.

David Wood, Chief Executive Officer of Wickes, commented: "Today marks a transformational moment for Wickes as we begin our journey as a standalone business. I am delighted with our performance in the last year. I would like to thank all my colleagues for their hard work, dedication and focus on delivering for our customers during such challenging times. We are well positioned to capitalise on the exciting growth opportunities we see in our markets while creating long-term value for all our stakeholders.

"I would like to extend my thanks to my colleagues at Travis Perkins. I am deeply appreciative of their support through this process, and wish them the very best for the exciting next chapter in their business."

 

Enquiries 

 

Wickes      

Investor Relations    

Andy Hughes     +44 (0) 777 669 2736

wickes@headlandconsultancy.com

 

Headland     +44 (0) 203 805 4822

PR Adviser to Wickes

Lucy Legh, Henry Wallers, Charlie Twigg  

wickes@headlandconsultancy.com

 

Citigroup Global Markets Limited   +44 (0) 207 986 4000

Joint Financial Adviser, Joint Sponsor and Joint Corporate Broker to Travis Perkins and Wickes

Andrew Seaton

Robert Redshaw

Martin Weltman

Peter Catterall    

 

Deutsche Bank AG, London Branch   +44 (0) 207 545 8000

Joint Financial Adviser, Joint Sponsor and Joint Corporate Broker to Travis Perkins and Wickes

Charles Wilkinson

Simon Hollingsworth     

Mark Hankinson

Raed El-Dana

 

Important Information

 

This announcement does not constitute an offer or invitation to sell or issue, or a solicitation of an offer or invitation to purchase or subscribe for any securities in any jurisdiction nor shall it (or any part of it) or the fact of its distribution, form the basis of, or be relied on in connection with any contract therefor.

 

In particular, this announcement does not constitute an offer or invitation to sell or issue, or a solicitation of an offer or invitation to purchase or subscribe for, any securities in the United States. The shares of Wickes have not been, and will not be, registered under the US Securities Act of 1933, as amended (the "US Securities Act"), and may not be offered or sold in the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the US Securities Act, and in compliance with any applicable State or local securities laws. There will be no public offer of the shares of Wickes in the United States.

 

No offer of shares of Wickes will be made as part of the demerger and the Prospectus will be published solely in connection with the proposed admission of Wickes' ordinary shares to the premium listing segment of the Official List and to trading on the London Stock Exchange ("Admission").

 

Citigroup Global Markets Limited ("Citi"), which is authorised by the Prudential Regulation Authority ("PRA") and regulated in the UK by the Financial Conduct Authority ("FCA") and the PRA, is acting as financial adviser and sponsor exclusively for Travis Perkins and Wickes and for no one else in connection with the demerger, Admission or any other matters described in this announcement and will not be responsible to anyone other than Travis Perkins and Wickes for providing the protections afforded to clients of Citi nor for providing advice in connection with the demerger, Admission, or any other matters referred to in this announcement. Neither Citi nor any of its affiliates, directors or employees owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, consequential, whether in contract, in tort, in delict, under statute or otherwise) to any person who is not a client of Citi in connection with the demerger, Admission, this announcement, any statement contained herein, or otherwise.

 

Deutsche Bank AG is a joint stock corporation incorporated with limited liability in the Federal Republic of Germany, with its head office in Frankfurt am Main where it is registered in the Commercial Register of the District Court under number HRB 30 000. Deutsche Bank AG is authorised under German banking law. The London branch of Deutsche Bank AG is registered in the register of companies for England and Wales (registration number BR000005) with its registered address and principal place of business at Winchester House, 1 Great Winchester Street, London EC2N 2DB. Deutsche Bank AG is authorised and regulated by the European Central Bank and the German Federal Financial Supervisory Authority (BaFin). With respect to activities undertaken in the UK, Deutsche Bank AG is authorised by the PRA with deemed variation of permission. It is subject to regulation by the FCA and limited regulation by the PRA. Details about the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorisation, are available on the FCA's website. In connection with the demerger and Admission, Deutsche Bank AG is acting through its London branch ("Deutsche Bank"). Deutsche Bank is acting as financial adviser and sponsor exclusively for Travis Perkins and Wickes, and no one else in connection with the demerger and Admission, and Deutsche Bank will not regard any other person (whether or not a recipient of this announcement) as a client in relation to the demerger or Admission and will not be responsible to anyone other than Travis Perkins and Wickes for providing the protections afforded to clients of Deutsche Bank or for providing advice in relation to the demerger or Admission or any other transaction, matter or arrangement referred to in this announcement. Neither Deutsche Bank nor any of its affiliates, directors or employees owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, consequential, whether in contract, in tort, in delict, under statute or otherwise) to any person who is not a client of Deutsche Bank in connection with the demerger, Admission, this announcement, any statement contained herein, or otherwise.

 

This announcement has been issued by and is the sole responsibility of Travis Perkins. No representation or warranty, express or implied, is or will be made, as to or in relation to, and no responsibility or liability is or will be accepted by either of Citi or Deutsche Bank or by any of their respective affiliates, directors, officers, employees or advisers for the contents of this announcement, including its accuracy, completeness and verification or for any other statement made or purported to be made by either of them, or on behalf of either of them in connection with Travis Perkins, Wickes, the Group, the Wickes Group, the demerger or Admission.

 

Certain statements made in this announcement are forward-looking statements. These forward-looking statements are based on current beliefs and expectations and are subject to a number of known and unknown risks and uncertainties that may cause actual results, performance or achievements of the Group or the Wickes Group or industry results to differ materially from any future events, results, performance or achievements expressed or implied by such forward-looking statements. These forward-looking include all matters that are not historical facts. Forward-looking statements speak only as of the date of this announcement. Persons receiving this announcement should not place undue reliance on any forward-looking statements. Unless otherwise required by applicable law or regulation, each of Travis Perkins, Wickes and their advisers (including Citi and Deutsche Bank) disclaims any obligation or undertaking to update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise.

 

Ends

 



Category Code: LIS
TIDM: WIX
LEI Code: 213800IEX9ZXJRAOL133
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.: 101564
EQS News ID: 1189559

 
End of Announcement EQS News Service

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