Company Announcements

Update re Recommended Cash Offer for RSA Insurance

Source: RNS
RNS Number : 4819N
Intact Financial Corporation
01 June 2022
 

iTHIS ANNOUNCEMENT IS BEING MADE PURSUANT TO RULE 19.6(C)(II) OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE") WHICH, INTER ALIA, REQUIRES A PARTY TO AN OFFER TO MAKE AN ANNOUNCEMENT AT THE END OF A PERIOD OF 12 MONTHS FROM THE DATE ON WHICH THE OFFER PERIOD ENDED CONFIRMING WHETHER IT HAS TAKEN, OR NOT TAKEN, THE COURSE OF ACTION SET OUT IN ITS STATED INTENTIONS.

FOR IMMEDIATE RELEASE

1 June 2022

Rule 19.6(c) confirmation with respect to stated post-offer intentions for RSA Insurance Group plc, now RSA Insurance Group Limited ("RSA")

Regent Bidco Limited (a wholly-owned subsidiary of Intact Financial Corporation ("Intact")) announces that, further to the completion of its recommended cash offer for the entire issued and to be issued share capital of RSA, which was effected by way of a scheme of arrangement under Part 26 of the Companies Act 2006, and which became effective on 1 June 2021, both Intact and Tryg A/S ("Tryg") have separately confirmed in writing to The Panel on Takeovers and Mergers in accordance with the requirements of Rule 19.6(c)(i) of the Code that they have complied with their respective post-offer intention statements made pursuant to Rules 2.7(c)(viii) and 24.2 of the Code, as originally detailed in the Rule 2.7 announcement of 18 November 2020 and in the scheme document published on 16 December 2020.

 

Enquiries:

 

Intact Financial Corporation                                                                 

Ryan Penton, VP, Corporate Development

+1 416 316 3495

Shubha Khan, VP, Investor Relations

+1 416 341 1464

Diane Flanagan, DSVP, Corporate Affairs & Communications                                                                                        

+1 647 456 7931

 

Tryg

Gianandrea Roberti, Head of Investor Relations

Peter Brondt, Investor Relations Manager

 

Barclays Bank PLC, acting through its Investment Bank

(lead financial adviser to Intact and Bidco)

Jacquelyn Titus

Kunal Bidani

Joe Sumner

 

Morgan Stanley

(sole financial adviser to Tryg)

Laurence Hopkins

Paul Miller

Pekko Tonteri

Daniel Diamond

David Simons

 

Tulchan Communications

(communications adviser to Intact and Tryg)

Simon Pilkington

Tom Murray

 

+45 70 11 20 20

 

 

 

+44 (0) 20 7623 2323

 

 

 

 

 

+44 (0) 20 7425 8000

 

 

 

 

 

 

 

+44 (0) 20 7353 4200

 

 

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