Press Release

MEIF 6 Fibre Ltd. announcements regarding KCOM Group PLC

London, 03 June 2019

Update: Please note, MEIF 6 Fibre Limited’s cash offer was approved by the KCOM Board on 12 July 2019 after a competitive auction process. MEIF 6 Fibre Limited’s scheme of arrangement was approved by a majority of shareholders on 26 July 2019, with KCOM Group subsequently de-listed from the London Stock Exchange on 2 August 2019. As a result, some links on this page are no longer valid and have been removed. Find out more.

The boards of MEIF 6 Fibre Limited (MEIF 6 Fibre) and KCOM Group Public Limited Company (KCOM) are pleased to announce that they have reached agreement on the terms of a recommended cash offer, to be made by MEIF 6 Fibre, a wholly-owned indirect subsidiary of Macquarie European Infrastructure Fund 6 SCSp (an investment fund managed by Macquarie Infrastructure and Real Assets (Europe) Limited (MIRAEL)) (MEIF 6), for the entire issued and to be issued ordinary share capital of KCOM. It is intended that the Acquisition will be implemented by means of a scheme of arrangement under Part 26 of the Companies Act.

KCOM, a leading provider of IT and communications solutions to consumers and businesses across the UK, is one of the UK's longest-established communications companies, helping customers get connected since 1904. KCOM is listed on the London Stock Exchange

All documents related to this transaction can be found here.

Media enquiries

Please note that this transaction is overseen by The Panel on Takeovers and Mergers, an independent body whose main functions are to issue and administer the City Code on Takeovers and Mergers and to supervise and regulate takeovers and other matters to which the Code applies.

Its central objective is to ensure fair treatment for all shareholders in takeover bids. As such, we are not permitted to provide any further information beyond what is contained within the announcements available here.

 

 

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