2 Oct 2020 17:13
2 October 2020
SIG plc
("SIG" or the "Company")
Acquisition of shares by CD&R
SIG has been notified today that funds managed by Clayton, Dubilier & Rice LLC ("CD&R") have acquired further ordinary shares in the Company, resulting in CD&R increasing its holding by approximately 0.4% to 27.1% of the total issued share capital of the Company. The acquisition is in line with the terms of the relationship agreement entered into between the Company and CD&R on 29 May 2020 which permits CD&R to acquire ordinary shares in the capital of the Company unless such acquisition would result in CD&R and its concert parties being interested, in aggregate, in excess of 29.9% of the ordinary shares of the Company or voting rights attaching to ordinary shares which are generally exercisable at general meetings.
SIG welcomes the increased investment by CD&R in its role as a long-term supportive shareholder and as a continuing endorsement of the Company's new strategy which was announced on 29 May 2020.
LEI: 213800VDC1BKJEZ8PV53
Enquires
SIG plc
Andrew Allner, Chairman +44 (0) 114 285 6300
Steve Francis, Chief Executive Officer +44 (0) 114 285 6300
Ian Ashton, Chief Financial Officer +44 (0) 114 285 6300
FTI Consulting
Richard Mountain / Susanne Yule +44 (0) 20 3727 1340
SIG (SHI)