Further to its announcement of the results of its Tender Offer earlier today, Greencore Group plc (the “Company” or “Greencore”) confirms that, under the terms of the Option Agreement, it has acquired from Goldman Sachs 261,025,641 Ordinary Shares in the Company on the London Stock Exchange, at the Tender Offer Price of 195 pence per Ordinary Share, representing a total cost of £509 million. The Ordinary Shares acquired by the Company are today being cancelled. The Ordinary Shares were originally purchased by Goldman Sachs pursuant to the Tender Offer at the Tender Price.
In conformity with Regulations 19 and 20 of the Transparency (Directive 2004/109/EC) Regulations 2007 (as amended) (the “Transparency Regulations”) and Paragraph 5.6.1 of the Disclosure Guidance and Transparency Rules, Greencore notifies the market of the following:
- The 261,025,641 Ordinary Shares acquired by the Company from Goldman Sachs represented approximately 36.92% of the voting rights attributable to the Ordinary Shares immediately prior to such acquisition.
- Following completion of the Tender Offer and the cancellation of 261,025,641 Ordinary Shares, Greencore’s issued ordinary share capital consists of 445,955,983 Ordinary Shares with voting rights. Each of these Ordinary Shares carries one vote. The total number of voting rights, therefore, is 445,955,983.
This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Greencore under the Disclosure Guidance and Transparency Rules and/or the Transparency Regulations. The Company does not hold any shares in treasury.
Capitalised words and expressions in this announcement shall, unless the context provides otherwise, have the same meanings as in the shareholder circular published by the Company on 20 December 2018 (the “Circular”).
