Monday, July 31, 2006
Experian to raise £800m with demerger
GUS has set out the dates for its proposed demerger and public listing of its two remaining businesses, Argos and Experian.
There will be an EGM at the end of August to seek shareholder approval for the demerger and prospectuses will be published in September.
Sir Victor Blank, chairman of GUS, said: “This demerger will create further value for our shareholders by enabling them to invest directly in ARG and Experian, both of which have clear strategies for growth.” Immediately following the demerger, it is expected that Experian will issue further shares to raise new capital of approximately £800m.
DATED: 31.07.06
FEED: MT
There will be an EGM at the end of August to seek shareholder approval for the demerger and prospectuses will be published in September.
Sir Victor Blank, chairman of GUS, said: “This demerger will create further value for our shareholders by enabling them to invest directly in ARG and Experian, both of which have clear strategies for growth.” Immediately following the demerger, it is expected that Experian will issue further shares to raise new capital of approximately £800m.
DATED: 31.07.06
FEED: MT
