Ascential PLC has announced that the Tender Offer, which was previously disclosed on 8 May 2024, has now become unconditional. BofA Securities will purchase 95,238,033 Existing Ascential Shares that have been successfully tendered by Qualifying Shareholders under the Tender Offer. These shares will subsequently be bought by Ascential from BofA Securities and then canceled.
The agreement includes a put option granted to BofA Securities, obliging Ascential to purchase the shares at the Strike Price, and a call option granted to Ascential, obliging BofA Securities to sell the shares at the Strike Price. A further announcement will be made upon the completion of the Tender Offer.
Ascential's Chief Executive Officer, Chief Financial Officer, and Investor Relations Director can be contacted for more information. BofA Securities, Deutsche Numis, and J.P. Morgan Cazenove are acting as joint financial advisers to Ascential, while Slaughter and May is acting as the company's legal adviser.
Ascential PLC is a global company serving a customer base in over 100 countries in the Marketing and Financial Technology sectors. The company's services include events, intelligence products, and advisory services. Ascential is listed on the London Stock Exchange (LON: ASCL).
The information contained in the announcement is not for release, publication, or distribution in or into restricted jurisdictions. Definitions and further details regarding the Return of Value and other terms are provided in the announcement.
For more information about Ascential, visit the company's website at https://www.ascential.com/about-us.