REG - Totally PLC - Commencement of Strategic Review

TotallyAnnouncement

01/05/2025 07:00

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RNS Number : 9401G  Totally PLC  01 May 2025

This announcement contains inside information for the purposes of article 7 of
the Market Abuse Regulation (EU) 596/2014 (which forms part of domestic UK law
pursuant to the European Union (Withdrawal) Act 2018 ("UK MAR"). With the
publication of this announcement, this information is now considered to be in
the public domain.

Totally plc

 

("Totally", the "Company" or the "Group")

 

Commencement of Strategic Review

 

Further to the trading update published earlier this morning, Totally
announces that its board of directors (the "Board") has decided to conduct a
formal review of the various strategic options available to the Group with
the primary purpose of strengthening the balance sheet (the "Strategic
Review").

 

As part of the Strategic Review, the Board will consider a number of strategic
options including (but not limited to) selling one or more of the Company's
subsidiaries (or portion thereof), receiving strategic investment or
undertaking some other form of comparable corporate action to this (the
"Strategic Options").

 

The Company has appointed Ernst & Young ("EY") as its adviser to assist
with the Strategic Review.

 

Parties interested in submitting any expression of interest or other
proposal(s) relating to any of the Strategic Options for the business, should
contact EY through the contact details set out below. It is currently expected
that any party interested in submitting any form of proposal for consideration
in connection with the Strategic Review will, at the appropriate time, enter
into a non-disclosure agreement and standstill arrangement with the Group on
terms satisfactory to the Board and on the same terms, in all material
respects, as other interested parties before being permitted to participate in
the process. The Group then intends to provide such interested parties with
certain information on relevant parts of the business, as necessary.

 

Shareholders are advised that there can be no certainty that any of the
Strategic Options will be concluded, nor as to the terms on which any of the
the Strategic Options may be made.

 

The Board will update shareholders on the progress of the Strategic Review and
make further announcements in due course, as appropriate.

 

For the avoidance of doubt, the Board is not soliciting offers for the Group
under the Takeover Code.

 

For further information please contact:

 

 Totally plc                                                           020 3866 3330

 Simon Stilwell, Chair

 Prasad Godbole, Chief Executive Officer (Interim)

 Canaccord Genuity Limited (Nominated Adviser & Corporate Broker)      020 7523 8000

 Bobbie Hilliam / Harry Rees

 Ernst & Young                                                         0161 1333 3418

    Sam Mills, Partner

 

Notes to editors

 

About Totally

Totally is a leading provider of healthcare and wellbeing services across
the UK and Ireland, working in partnership with the NHS, other healthcare
providers and corporate customers to help address the challenges of increased
demand for healthcare services.

 

Totally helps healthcare commissioners and hospitals ensure patients can
access the most appropriate care quickly and efficiently by delivering quality
urgent care services, elective care services including insourcing, outsourcing
and elective care delivered via 'Any Qualified provider', as well as community
dermatology clinics; and therapy servicing including first contact
practitioner and a full physiotherapy and podiatry offering.  Our corporate
customer services also play a role in reducing reliance on healthcare by
promoting healthy lifestyles and physical and mental health.

 

Healthcare services

 

Urgent Care: Totally's urgent care services are delivered under the Totally
Urgent Care brand, by Vocare and Greenbrook Healthcare. Both businesses have
a strong heritage.

 

Elective care: Totally's elective care services are delivered by Pioneer
Healthcare, About Health and Premier Physical Healthcare.

 

·    Pioneer Healthcare was established in 2007 and delivers a wide range
of acute services to NHS patients, in partnership with independent healthcare
sector private hospitals across England, to help the NHS reduce waiting lists
whilst maintaining patient care and quality. Pioneer offer services through
insourcing and outsourcing agreements and through its Any Qualified Provider
status.

·    About Health has been delivering community-based specialist care with
a focus on delivering prompt assessment and treatment across the country since
2008.

·    Premier Physical Healthcare was established in 2007 and provides
physiotherapy and podiatry services to NHS patients, often within a community
GP practice, and to the prison service.

 

Corporate Wellbeing Services

 

Energy Fitness Professionals ("EFP"): EFP is a corporate fitness provider
established in 1990 to address a gap in the market for workplace fitness,
which has grown to offer a range of services covering workplace wellbeing. EFP
manages 62 gyms on behalf of its corporate customers, with more than 13,000
members.

 

For more information visit www.totallyplc.com
(https://can01.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.totallyplc.com%2F&data=05%7C02%7Chrees%40cgf.com%7C7fbd6b6e36ed48269e2208dcb23a16cb%7C55a8d9e9da724987ac2851b3b5add15f%7C0%7C0%7C638581209791333600%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=cBslxpTp%2FaUqCxst5g5dJ3C1ax5PxNWsYSvjYrXMWlk%3D&reserved=0)
 

 

Ernst & Young, EY

EY, which is authorised and regulated by the Financial Conduct Authority in
the United Kingdom, is acting exclusively for Totally and for no one else in
connection with the subject matter of this announcement and will not be
responsible to anyone other than Totally for providing the protections
afforded to its clients or for providing advice in relation to the subject
matter of this announcement.

The person responsible for arranging the release of this announcement on
behalf of Totally is Simon Stilwell.

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