Acquisition of shares by CD&R

RNS Number : 0127B

SIG PLC

02 October 2020

 

  2 October 2020

SIG plc

("SIG" or the "Company")

Acquisition of shares by CD&R

SIG has been notified today that funds managed by Clayton, Dubilier & Rice LLC ("CD&R") have acquired further ordinary shares in the Company, resulting in CD&R increasing its holding by approximately 0.4% to 27.1% of the total issued share capital of the Company.  The acquisition is in line with the terms of the relationship agreement entered into between the Company and CD&R on 29 May 2020 which permits CD&R to acquire ordinary shares in the capital of the Company unless such acquisition would result in CD&R and its concert parties being interested, in aggregate, in excess of 29.9% of the ordinary shares of the Company or voting rights attaching to ordinary shares which are generally exercisable at general meetings.

SIG welcomes the increased investment by CD&R in its role as a long-term supportive shareholder and as a continuing endorsement of the Company's new strategy which was announced on 29 May 2020.   

LEI: 213800VDC1BKJEZ8PV53

Enquires

SIG plc

Andrew Allner, Chairman                                                                                   [phone]

Steve Francis, Chief Executive Officer     [phone]

Ian Ashton, Chief Financial Officer        [phone]

FTI Consulting

Richard Mountain / Susanne Yule        +44 ( 0) 20 3727 1340

 

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