REG - SIG PLC - Update re Building Solutions disposal

SIGAnnouncement

07/04/2020 07:12

RNS Number : 0301J
  
SIG PLC
  
07 April 2020
  
 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION 
 
LEI: 213800VDC1BKJEZ8PV53
 
7 April 2020
 
SIG plc
Referral for Phase 2 Investigation of the Proposed Disposal of Building Solutions to Kingspan Group
 
On 7 October 2019, SIG plc ("SIG"), a leading supplier of specialist building materials to trade customers across Europe, announced the disposal of Building Solutions (National) Limited ("Building Solutions") to Kingspan Group, a global leader in building envelope solutions based in Ireland (the "Disposal") for a consideration of £37.5m on a cash free, debt free basis. The Disposal was conditional upon the approval of the UK Competition & Markets Authority ("CMA"). 
 
SIG notes that the CMA has today announced that it has referred the Disposal for a Phase 2 investigation. Further announcements will be made in due course as appropriate. 
 
 
Contacts
 



SIG plc


+44 (0) 114 285 6300




Andrew Allner, Chairman
Steve Francis, CEO
Kath Kearney-Croft, Interim CFO


















FTI Consulting


+44 (0) 20 3727 1340




Richard Mountain







 
This announcement contains inside information. The person responsible for making this notification is Kulbinder Dosanjh, Company Secretary.
 
Cautionary statement
 
This announcement is not intended to, and does not constitute, or form part of, any offer to sell or an invitation to purchase or subscribe for any securities or a solicitation of any vote or approval in any jurisdiction. The information contained in this announcement is not for release, publication or distribution to persons in any jurisdiction where to do so might constitute a violation of local securities laws or regulations.


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