Further re Rule 19.6(c) confirmation

RNS Number : 9151B

Future PLC

17 February 2022

 

THE FOLLOWING ANNOUNCEMENT IS BEING MADE PURSUANT TO THE REQUIREMENTS OF RULE 19.6(C) OF THE TAKEOVER CODE (THE "CODE") WHICH, AMONGST OTHER THINGS, REQUIRES A PARTY TO AN OFFER TO MAKE AN ANNOUNCEMENT AT THE END OF THE PERIOD OF 12 MONTHS FROM THE END OF THE OFFER PERIOD CONFIRMING WHETHER IT HAS TAKEN, OR NOT TAKEN, THE COURSE OF ACTION SET OUT IN ITS STATED INTENTIONS.

For immediate release

17 February 2022

FUTURE plc

Rule 19.6(c) confirmation with respect to stated post-offer intentions for GoCo Group

Future plc ("Future") announces that, further to the completion of the recommended cash and share offer by Future for the entire issued and to be issued share capital of GoCo Group plc (the "Combination") which was implemented by a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 and became effective on 17 February 2021, Future has duly confirmed in writing to the Takeover Panel in accordance with the requirements of Rule 19.6(c) of the Code that Future has complied, subject to the matter disclosed in the following paragraph, with the post-offer intention statements made pursuant to Rules 2.7(c)(iv) and 24.2 of the Code, as originally detailed in its announcement of 25 November 2020 and the scheme document published on 14 December 2020.

In such announcement and scheme document Future stated its intention to retain Future's existing offices in London at Paddington and Canary Wharf.  Following a review of working patterns after the lifting of Covid restrictions, a decision was made to consolidate Future's London premises in Paddington and, accordingly, the Canary Wharf office was closed in December 2021 with no impact on employee headcount.

Enquiries: Future plc [phone] Zillah Byng-Thorne, Chief Executive Officer Penny Ladkin-Brand, Chief Financial Officer Marion Le Bot, Head of Investor Relations [phone] Numis Securities [phone] Nick Westlake, Mark Lander, Alec Pratt, Hugo Rubinstein J.P. Morgan Cazenove [phone] Bill Hutchings, Matt Smith, Mose Adigun Headland Consultancy [phone] Stephen Malthouse, Rob Walker, Charlie Twigg [e-mail]

 

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