REG-Travis Perkins Completion of the demerger of Wickes and share consolidation of Travis Perkins

Travis PerkinsAnnouncement

28/04/2021 07:05

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   Travis Perkins (TPK)
   Completion of the demerger of Wickes and share consolidation of Travis
   Perkins

   28-Apr-2021 / 07:00 GMT/BST
   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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

    

                                 28 April 2021

    

                               Travis Perkins plc

                       ("Travis Perkins" or the "Group")

                                        

     Completion of the demerger of Wickes and share consolidation of Travis
                                    Perkins

    

   Travis Perkins  has  today completed  the  demerger of  Wickes  Group  plc
   ("Wickes"), following the General  Meeting of Travis Perkins  shareholders
   yesterday who approved the  demerger. The shares  of Wickes (ticker  "LSE:
   WIX") will be admitted at 8.00  a.m. today to the premium listing  segment
   of the Official List and to trading on the main market of the London Stock
   Exchange.

    

   Alongside the  demerger, Travis  Perkins  shareholders also  approved  the
   resolution to consolidate shares  in Travis Perkins  in order to  maintain
   broad comparability, as  far as  possible, between  Travis Perkins'  share
   price  before   the  demerger   and  after   the  Travis   Perkins   share
   consolidation.

    

   The share consolidation is expected to take place after the market  closes
   today (28 April 2021). It is expected  that admission and dealings in  the
   new Travis Perkins shares  on the London Stock  Exchange will commence  at
   8.00 a.m.  on  29  April  2021. Travis  Perkins  will  provide  an  update
   following the group's share consolidation at 7.00 a.m. on 29 April 2021.

    

   The ratio for the share consolidation cannot  be fixed at this time as  it
   will depend on fluctuations in the volume and price of the Travis  Perkins
   shares in  the period  between 8:00  a.m. and  4:30 p.m.  today  (28 April
   2021).

    

   Further details on  the share  consolidation can  be found  in the  Travis
   Perkins Circular.

    

    

   Enquiries  

    

   Travis Perkins - Investor Relations

   Matt Worster     +44 (0) 799 008 8548

    1 matt.worster@travisperkins.co.uk  

    

   Heinrich Richter     +44 (0) 739 212 5417

    2 heinrich.richter2@travisperkins.co.uk 

    

   Powerscourt      +44 (0) 207 250 1446

   PR Adviser to Travis Perkins

   Justin Griffiths, James White   

    3 travisperkins@powerscourt-group.com

    

   Citigroup Global Markets Limited   +44 (0) 207 986 4000

   Joint Financial  Adviser,  Joint Sponsor  and  Joint Corporate  Broker  to
   Travis Perkins and Wickes

   Andrew Seaton

   Robert Redshaw

   Martin Weltman

   Peter Catterall    

    

   Deutsche Bank AG, London Branch   +44 (0) 207 545 8000

   Joint Financial  Adviser,  Joint Sponsor  and  Joint Corporate  Broker  to
   Travis Perkins and Wickes

   Charles Wilkinson

   Simon Hollingsworth     

   Mark Hankinson

   Raed El-Dana

    

   Important Information

    

   This announcement does not  constitute an offer or  invitation to sell  or
   issue, or  a  solicitation  of  an offer  or  invitation  to  purchase  or
   subscribe for any securities in any jurisdiction nor shall it (or any part
   of it) or the fact of its distribution, form the basis of, or be relied on
   in connection with any contract therefor.

    

   In  particular,  this  announcement  does  not  constitute  an  offer   or
   invitation to sell or issue, or  a solicitation of an offer or  invitation
   to purchase or  subscribe for, any  securities in the  United States.  The
   shares of Wickes have not been, and  will not be, registered under the  US
   Securities Act of 1933, as amended (the "US Securities Act"), and may  not
   be offered or sold in the United  States, except pursuant to an  exemption
   from, or in a transaction not subject to, the registration requirements of
   the US Securities  Act, and  in compliance  with any  applicable State  or
   local securities laws.  There will  be no public  offer of  the shares  of
   Wickes in the United States.

    

   No offer of shares of Wickes will be made as part of the demerger and  the
   Prospectus will  be  published  solely in  connection  with  the  proposed
   admission of Wickes' ordinary shares to the premium listing segment of the
   Official List and to trading on the London Stock Exchange ("Admission").

    

   Citigroup Global  Markets Limited  ("Citi"), which  is authorised  by  the
   Prudential Regulation Authority  ("PRA") and  regulated in the  UK by  the
   Financial Conduct Authority ("FCA")  and the PRA,  is acting as  financial
   adviser and sponsor exclusively for Travis  Perkins and Wickes and for  no
   one else in connection with the  demerger, Admission or any other  matters
   described in this announcement and will not be responsible to anyone other
   than Travis Perkins and Wickes  for providing the protections afforded  to
   clients of Citi nor for providing advice in connection with the  demerger,
   Admission, or any other matters referred to in this announcement.  Neither
   Citi nor any of its affiliates, directors or employees owes or accepts any
   duty, liability or responsibility whatsoever (whether direct or  indirect,
   consequential, whether in contract, in  tort, in delict, under statute  or
   otherwise) to any person who  is not a client  of Citi in connection  with
   the  demerger,  Admission,  this  announcement,  any  statement  contained
   herein, or otherwise.

    

   Deutsche Bank AG is  a joint stock  corporation incorporated with  limited
   liability in the  Federal Republic  of Germany,  with its  head office  in
   Frankfurt am Main where it is registered in the Commercial Register of the
   District Court under  number HRB 30  000. Deutsche Bank  AG is  authorised
   under German  banking  law. The  London  branch  of Deutsche  Bank  AG  is
   registered  in  the   register  of   companies  for   England  and   Wales
   (registration number BR000005) with  its registered address and  principal
   place of business at Winchester  House, 1 Great Winchester Street,  London
   EC2N 2DB. Deutsche  Bank AG is  authorised and regulated  by the  European
   Central Bank  and  the  German  Federal  Financial  Supervisory  Authority
   (BaFin). With respect to activities undertaken in the UK, Deutsche Bank AG
   is authorised  by the  PRA  with deemed  variation  of permission.  It  is
   subject to  regulation by  the  FCA and  limited  regulation by  the  PRA.
   Details about  the Temporary  Permissions Regime,  which allows  EEA-based
   firms to  operate  in the  UK  for a  limited  period while  seeking  full
   authorisation, are available on the FCA's website. In connection with  the
   demerger and  Admission, Deutsche  Bank AG  is acting  through its  London
   branch ("Deutsche Bank"). Deutsche Bank is acting as financial adviser and
   sponsor exclusively for  Travis Perkins  and Wickes,  and no  one else  in
   connection with the  demerger and  Admission, and Deutsche  Bank will  not
   regard any other person (whether or not a recipient of this  announcement)
   as a client  in relation  to the  demerger or  Admission and  will not  be
   responsible to anyone other than  Travis Perkins and Wickes for  providing
   the protections  afforded to  clients of  Deutsche Bank  or for  providing
   advice in relation to the demerger or Admission or any other  transaction,
   matter or arrangement referred to  in this announcement. Neither  Deutsche
   Bank nor any of its affiliates, directors or employees owes or accepts any
   duty, liability or responsibility whatsoever (whether direct or  indirect,
   consequential, whether in contract, in  tort, in delict, under statute  or
   otherwise) to  any  person  who  is  not a  client  of  Deutsche  Bank  in
   connection with the demerger, Admission, this announcement, any  statement
   contained herein, or otherwise.

    

   This announcement has  been issued by  and is the  sole responsibility  of
   Travis Perkins. No representation or  warranty, express or implied, is  or
   will be made, as to or in relation to, and no responsibility or  liability
   is or will be  accepted by either of  Citi or Deutsche Bank  or by any  of
   their respective affiliates,  directors, officers,  employees or  advisers
   for  the   contents  of   this  announcement,   including  its   accuracy,
   completeness and verification or for any other statement made or purported
   to be made by either of them, or on behalf of either of them in connection
   with Travis Perkins, Wickes, the Group, the Wickes Group, the demerger  or
   Admission.

    

   Certain  statements  made   in  this   announcement  are   forward-looking
   statements. These forward-looking statements are based on current  beliefs
   and expectations and are  subject to a number  of known and unknown  risks
   and  uncertainties  that   may  cause  actual   results,  performance   or
   achievements of  the Group  or the  Wickes Group  or industry  results  to
   differ  materially  from  any  future  events,  results,  performance   or
   achievements expressed  or  implied by  such  forward-looking  statements.
   These forward-looking include all matters  that are not historical  facts.
   Forward-looking statements speak only as of the date of this announcement.
   Persons receiving this announcement should not place undue reliance on any
   forward-looking statements. Unless otherwise required by applicable law or
   regulation, each of Travis Perkins,  Wickes and their advisers  (including
   Citi and Deutsche Bank) disclaims any obligation or undertaking to  update
   or revise  any forward-looking  statements,  whether as  a result  of  new
   information, future developments or otherwise.

    

   Ends

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   ISIN:           GB0007739609
   Category Code:  MSCM
   TIDM:           TPK
   LEI Code:       2138001I27OUBAF22K83
   OAM Categories: 3.1. Additional regulated information required to be
                   disclosed under the laws of a Member State
   Sequence No.:   101563
   EQS News ID:    1189574


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:matt.worster@travisperkins.co.uk
   2. mailto:heinrich.richter2@travisperkins.co.uk
   3. mailto:travisperkins@powerscourt-group.com


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