Sale of shares by Simon Nixon

RNS Number : 6871H

Moneysupermarket.com Group PLC

02 December 2015

 



Not for release, publication or distribution, directly or indirectly, in whole or in part, into or within the United States or any other jurisdiction where to do so would constitute a violation of the laws of that jurisdiction.

2 December 2015

Moneysupermarket.com Group PLC

Placing of shares in the Company

Moneysupermarket.com Group PLC ("Moneysupermarket.com" or "the Company") notes the sale by Simon Nixon of 32m shares, representing approximately 5.8% of the issued share capital of the Company.

This sale reduces Simon Nixon's stake in the Company to approximately 6.9%.

Following the sale, the Company announces that Simon Nixon will step down from the Board on 31 December 2015.

Bruce Carnegie-Brown, Chairman of Moneysupermarket.com Group PLC, said:  "As the founder of MoneySuperMarket.com, Simon was its first CEO and led the business through its IPO in 2007.  It is arguably the most successful UK e-commerce business founded in the 1990s. In 2008, Simon stepped down as CEO, but has continued to play an active role as executive deputy chairman and more recently as non-executive deputy chairman. In the last two years Simon has been reducing his shareholding and increasing his involvement in other activities. As a result, we have agreed that he will step down from the Board at the end of the year. We are grateful to Simon for his contribution to the Group and to the Board."

In accordance with section 430 (2B) of the Companies Act 2006, the Company confirms that other than fees payable for the period up to 31 December 2015, no remuneration or payment has been or will be made in connection with Simon Nixon ceasing to be a Director of the Company.

Please refer to the separate announcement for further details.

For further information, please contact:

Moneysupermarket.com Group PLC

Tel: [phone]

Matthew Price, Chief Financial Officer

Maitland

Tel: [phone]

William Clutterbuck

Important additional information

This announcement does not constitute, or form part of an offer or invitation to subscribe for, purchase or otherwise acquire, or any solicitation of any offer to subscribe for, purchase or otherwise acquire any ordinary shares or any other securities of the Company in any jurisdiction.

This announcement is not an offer of securities for sale in or into the United States. The securities of the Company have not been and will not be registered under the U.S. Securities Act of 1933 (the "Securities Act"), or with any securities regulatory authority of any state or other jurisdiction of the United States, and may not be offered or sold in or into the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States. No public offering of securities is being made in the United States or elsewhere.

 

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