LGT Lighthouse Group Plc

TIDMLGT TIDMQLT

RNS Number : 9515B

Lighthouse Group PLC

12 June 2019

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

FOR IMMEDIATE RELEASE

12 June 2019

COMPLETION OF ACQUISITION BY INTRINSIC FINANCIAL SERVICES LIMITED

On 3 April 2019, the boards of Quilter plc, Intrinsic Financial Services Limited ("Intrinsic") and Lighthouse Group plc ("Lighthouse") announced that they had reached an agreement on the terms of a recommended cash offer to be made by Intrinsic for Lighthouse pursuant to which Intrinsic would acquire the entire issued and to be issued ordinary share capital of Lighthouse (the "Acquisition"). The Acquisition is being implemented by means of a scheme of arrangement under Part 26 of the Companies Act 2006 (the "Scheme").

Lighthouse and Intrinsic are pleased to announce that the Scheme has now become effective in accordance with its terms and that the entire issued ordinary share capital of Lighthouse is owned by Intrinsic.

Lighthouse Scheme Shareholders on the register at the Scheme Record Time, being 6.00 pm on 11 June 2019, will receive 33 pence in cash for each Lighthouse Scheme Share. The latest date for settlement of the cash consideration payable under Acquisition is 26 June 2019.

Dealings in Lighthouse Shares on AIM were suspended with effect from 7:30 a.m. on 12 June 2019. The cancellation of admission to trading of Lighthouse Shares on AIM is expected to take effect at 7:00 am on 13 June 2019.

As a result of the Scheme having become effective, share certificates in respect of Lighthouse Shares have ceased to be valid documents of title and entitlements to Lighthouse Shares held in uncertificated form in CREST are being cancelled.

Additionally, Richard Last has resigned from his position as Non-Executive Chairman and Director of Lighthouse and Alexander John Scott-Barrett, Michelle Ann Cracknell and Ann Lindsay Roughead have resigned as Non-Executive Directors of Lighthouse, effective immediately.

Defined terms used but not defined in this announcement have the meaning given to them in the scheme circular sent to Lighthouse Shareholders on 15 April 2019.

Enquiries:

 
 Intrinsic/Quilter 
 Kathleen Gallagher (Corporate Communications       Tel: +44 (0) 799 
  Manager)                                           000 4932 
 John-Paul Crutchley (Head of Investor Relations)   Tel: +44 (0) 207 
                                                     002 7016 
 
 J.P. Morgan Cazenove (financial adviser            Tel: +44 (0) 207 
  to Intrinsic and Quilter)                          742 4000 
 Ed Squire / Rajesh Iyer 
 Kirshlen Moodley / Henry Capper 
 
 Lighthouse                                         Tel: +44 (0) 207 
                                                     065 5640 
 Malcolm Streatfield (Chief Executive Officer) 
 Peter Smith (Finance Director) 
 
 Investec Bank plc (financial adviser to            Tel: +44 (0) 207 
  Lighthouse)                                        597 5970 
 Andrew Pinder / William Godfrey / David 
  Bickerstaffe 
 

IMPORTANT NOTICES

Important notices relating to financial advisers

J.P. Morgan Securities plc, which conducts its U.K. investment banking business as J.P. Morgan Cazenove ("J.P. Morgan Cazenove"), is authorised in the United Kingdom by the PRA and regulated by the PRA and the FCA. J.P. Morgan Cazenove is acting as financial adviser exclusively for Intrinsic and Quilter and no one else in connection with the matters set out in this announcement and will not regard any other person as its client in relation to the matters set out in this announcement and will not be responsible to anyone other than Intrinsic and Quilter for providing the protections afforded to clients of J.P. Morgan Cazenove or its affiliates, or for providing advice in relation to any matter referred to herein.

Investec Bank plc ("Investec"), which is authorised by the PRA and regulated in the United Kingdom by the FCA and the PRA and is acting exclusively for Lighthouse and no one else in relation to the matters set out in this announcement and will not be responsible to anyone other than Lighthouse for providing the protections afforded to clients of Investec or for providing advice in relation to the contents of this announcement or any other matter or arrangement referred to herein.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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June 12, 2019 04:56 ET (08:56 GMT)

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