Posting of circular and notice of general meeting

RNS Number : 8687N

Home Retail Group Plc

03 February 2016

 

                                                                                                3 February 2016

Home Retail Group plc

Publication and posting of combined circular and notice of general meeting

Further to the announcement of 18 January 2016 by Home Retail Group plc ("Home Retail Group" or the "Company"), which contained details of the proposed sale of Homebase to Bunnings (UK&I) Holdings Limited, a subsidiary of Wesfarmers Limited and an intended c.£200 million return of capital to shareholders, a circular dated 2 February 2016 (the "Circular") has been approved by the UK Listing Authority and submitted to the National Storage Mechanism.  It will shortly be available for inspection at www.morningstar.co.uk/uk/NSM.

The Circular will also shortly be available to view or download in the 'Investor Centre' pages of the Company's website, www.homeretailgroup.com.

The transaction is subject to the approval of Home Retail Group shareholders and, accordingly, the Circular contains a notice convening a general meeting to be held at 11.00 a.m. on Thursday 25 February 2016 at the DoubleTree by Hilton Hotel, Stadium Way West, Milton Keynes, MK1 1ST.

Printed copies of the Circular, together with a form of proxy in respect of the general meeting, are today being posted by first class mail to shareholders who have elected to receive them. A form of proxy in respect of the general meeting is also today being posted by first class mail to all other shareholders.

Enquiries:

Analysts and investors (Home Retail Group)

Richard Ashton         Finance Director       01908 600291

Mark Willis               Director of Investor Relations

BofA Merrill Lynch - Financial Adviser and Corporate Broker

Jonathan Bewes                                    020 7628 1000

Eamon Brabazon

Geoff Iles

Luke McMullan

Media (RLM Finsbury)

Rollo Head                                            020 7251 3801

Important notice related to financial adviser

Merrill Lynch International ("BofA Merrill Lynch"), a subsidiary of Bank of America Corporation, is acting exclusively for Home Retail Group in connection with the matters set out in this announcement and for no one else and will not be responsible to anyone other than Home Retail Group for providing the protections afforded to its clients or for providing advice in relation to the matters set out in this announcement.

 

END

 

 

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