REG - Tullett Prebon Plc NEX Group PLC - Statement re transaction with NEX <Origin Href="QuoteRef">NXGN.L</Origin> <Origin Href="QuoteRef">TLPR.L</Origin>

TP IcapAnnouncement

28/12/2016 07:06

RNS Number : 7944S
Tullett Prebon PLC
28 December 2016
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
28 December 2016
Tullett Prebon plc
Update on the acquisition of NEX's global hybrid voice broking and information business
Further to the announcements made on 11 November 2015 and subsequently, Tullett Prebon plc ("Tullett Prebon") confirms that 310,314,296 new Tullett Prebon Shares, representing approximately 56 per cent. of the issued share capital of Tullett Prebon (calculated on a fully diluted basis and immediately following such issuance), will be issued by Tullett Prebon to the shareholders of NEX Group plc ("NEX") in connection with the acquisition by Tullett Prebon of NEX's global hybrid voice broking and information business, including NEX's associated technology and broking platforms and certain of NEX's joint ventures and associates ("the Transaction"). As previously announced, the Transaction is expected to complete on 30 December 2016.
Enquiries: 
Alexandra Wick, Marketing & Communications Director, Tullett Prebon
Direct: +44 (0) 20 7200 7579

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