REG - Intact Financial Cp. Tryg A/S - Update re Recommended Cash Offer for RSA Insurance

Tryg A/SAnnouncement

01/06/2022 07:00

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RNS Number : 4819N  Intact Financial Corporation  01 June 2022

iTHIS ANNOUNCEMENT IS BEING MADE PURSUANT TO RULE 19.6(C)(II) OF THE CITY CODE
ON TAKEOVERS AND MERGERS (THE "CODE") WHICH, INTER ALIA, REQUIRES A PARTY TO
AN OFFER TO MAKE AN ANNOUNCEMENT AT THE END OF A PERIOD OF 12 MONTHS FROM THE
DATE ON WHICH THE OFFER PERIOD ENDED CONFIRMING WHETHER IT HAS TAKEN, OR NOT
TAKEN, THE COURSE OF ACTION SET OUT IN ITS STATED INTENTIONS.

FOR IMMEDIATE RELEASE

1 June 2022

Rule 19.6(c) confirmation with respect to stated post-offer intentions for RSA
Insurance Group plc, now RSA Insurance Group Limited ("RSA")

Regent Bidco Limited (a wholly-owned subsidiary of Intact Financial
Corporation ("Intact")) announces that, further to the completion of its
recommended cash offer for the entire issued and to be issued share capital of
RSA, which was effected by way of a scheme of arrangement under Part 26 of the
Companies Act 2006, and which became effective on 1 June 2021, both Intact and
Tryg A/S ("Tryg") have separately confirmed in writing to The Panel on
Takeovers and Mergers in accordance with the requirements of Rule 19.6(c)(i)
of the Code that they have complied with their respective post-offer intention
statements made pursuant to Rules 2.7(c)(viii) and 24.2 of the Code, as
originally detailed in the Rule 2.7 announcement of 18 November 2020 and in
the scheme document published on 16 December 2020.

 Enquiries:

 Intact Financial Corporation

 Ryan Penton, VP, Corporate Development                                                                                                                                                           +1 416 316 3495
 Shubha Khan, VP, Investor Relations                                                                                                                                                                                  +1 416 341 1464
 Diane Flanagan, DSVP, Corporate Affairs &                                                                                                                                                        +1 647 456 7931
 Communications

 Tryg                                                                                                                                                                                             +45 70 11 20 20

 Gianandrea Roberti, Head of Investor Relations

 Peter Brondt, Investor Relations Manager

 Barclays Bank PLC, acting through its Investment Bank                                                                                                                                            +44 (0) 20 7623 2323

 (lead financial adviser to Intact and Bidco)

 Jacquelyn Titus

 Kunal Bidani

 Joe Sumner

 Morgan Stanley                                                                                                                                                                                   +44 (0) 20 7425 8000

 (sole financial adviser to Tryg)

 Laurence Hopkins

 Paul Miller

 Pekko Tonteri

 Daniel Diamond

 David Simons

 Tulchan Communications                                                                                                                                                                           +44 (0) 20 7353 4200

 (communications adviser to Intact and Tryg)

 Simon Pilkington

 Tom Murray

 

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