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Thursday 24 July, 2008

Ontario Teachers PPB

STATEMENT RE: MONEYSUPERMARKE

RNS Number : 7592Z
Ontario Teachers Pension Plan Board
24 July 2008
 



 


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


ONTARIO TEACHERS' PENSION PLAN BOARD (TEACHERS')

 

STATEMENT RE: MONEYSUPERMARKET.COM GROUP PLC 

(MONEYSUPERMARKET.COM)



TORONTO, July 23, 2008: At the request of the UK Takeover Panel, Teachers' confirms that it made a preliminary approachthrough Teachers' private investment arm Teachers' Private Capital, to Simon NixonMoneysupermarket.com's majority shareholder, in relation to a possible offer for Moneysupermarket.com. 


Teachers' has no current intention of making an offer for Moneysupermarket.com.


For the purposes of Rule 2.8 of The City Code on Takeovers and Mergers, Teachers' reserves the right to make or participate in an offer or possible offer for Moneysupermarket.com within the six months following the date of this announcement in the event that: an agreement or recommendation from the Board of Moneysupermarket.com is forthcoming; there is an announcement of an offer or possible offer by a third party for Moneysupermarket.com; or there is a material change of circumstances.


With CDN$17 billion in invested and committed capital, Teachers' Private Capital is one of the world's largest private equity investors. Teachers' Private Capital is the private investment arm of the CDN$108.5-billion Ontario Teachers' Pension Plan, the largest single-profession pension plan in Canada. The Ontario Teachers' Pension Plan is an independent corporation responsible for investing the fund and administering the pensions of Ontario's 278,000 active and retired teachers.


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Contact:

Deborah Allan

Director, Communications and Media Relations

Ontario Teachers' Pension Plan

+1 (416) 730-5347

deborah_allan@otpp.com


This information is provided by RNS
The company news service from the London Stock Exchange
 
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