9 Dec 2019 18:01
Just Eat (UK)
Informative Notice - Further Update
09 December 2019
Further to the notice released on 04 December 2019 FTSE Russell notes the cash offer for Just Eat by Prosus (Netherlands, BJDS7L3, GEIS Large Cap) has been increased, Just Eat shareholders are being offered GBP 7.40 for every Just Eat share held, and the revised offer will remain open for acceptances until 27 December 2019. If declared unconditional in all respects, the transaction will be processed in accordance with section 4.10 of the Corporate Actions and Events Guide.
FTSE Russell also notes the stock offer for Just Eat (UK, BKX5CN8, GEIS Mid Cap, FTSE 250) by Takeaway.com (Netherlands, BYQ7HZ6, GEIS Mid Cap), whereby Just Eat shareholders will receive 0.09744 Takeaway.com shares for every share held, with the offer initially remaining open for acceptances until 11 December 2019, Takeaway.com has announced that an EGM to approve the transaction will occur on 09 January 2020 at the earliest - Takeaway.com shareholder approval being a requirement prior to the transaction being classified as unconditional.
If the offer is declared unconditional in all respects, Just Eat Takeway.com will be assigned a UK nationality for FTSE Russell Index inclusion purposes, and will replace Just Eat in the FTSE UK Series at its full investable market capitalisation, at least one trading day post admission of the new entity on the Premium Segment of the London Stock Exchange (providing at least two days' notice). Note, Just Eat has been announced as a December review addition into the FTSE 100 Index (and therefore the merged company will now replace Just Eat within the FTSE 100 index).
FTSE Russell will continue to monitor both transactions for updates, and will publish further notices in due course. |
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