NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN
WHOLE OR IN PART, IN OR INTO THE UNITED STATES OR ANY OTHER JURISDICTION
IN WHICH IT WOULD BE UNLAWFUL TO DO SO. PLEASE SEE THE IMPORTANT NOTICE
WITHIN THIS ANNOUNCEMENT.
6 December 2016
Further to the announcements by ICAP on 11 November 2015 and subsequently relating to
ICAP's disposal of its global hybrid voice broking and information business to Tullett Prebon plc,
including ICAP's associated technology and broking platforms and certain of ICAP's joint
ventures and associates (the 'Transaction'), the boards of ICAP and NEX are pleased to
announce that the FCA has today approved a prospectus (the 'Prospectus') in relation to the
admission of the ordinary shares in the capital of NEX to listing on the Official List of the FCA
and to trading on the main market of the London Stock Exchange and that the Prospectus has
been published on ICAP's website at www.icap.com.
Next Steps
All necessary conditions to the implementation of the Scheme, save for the sanction and
confirmation of the Court of the Scheme and the ICAP Reduction of Capital, the filing of the
resulting Scheme Court Order with the Registrar of Companies and the Sale and Purchase
Agreement not having terminated or lapsed in accordance with its terms prior to the Scheme
Effective Date have now been satisfied or waived.
The Court hearing to sanction the Scheme and confirm the ICAP Reduction of Capital is
expected to take place on 14 December 2016. It is expected that the last day for dealings in
ICAP Ordinary Shares will be 14 December 2016, the Scheme will become effective on 15
December 2016 and the cancellation of the listing of the ICAP Ordinary Shares on the Official
List and Admission of the Newco Ordinary Shares will take place by 8.00 a.m. on 15 December
2016.
Completion of the Transaction remains subject to the satisfaction or (if capable of waiver) waiver
of the remaining conditions set out in Part II of the shareholder circular published by ICAP on 1
March 2016 (the 'Circular'), as supplemented by the shareholder circular published by ICAP on
17 August 2016, including the Scheme becoming effective and the confirmation of the Newco
Reduction of Capital by the Court. Subject to the satisfaction or waiver of those remaining
conditions, ICAP and NEX expect the Transaction to complete on 30 December 2016. Further
detail as to the expected timetable of principal events is set out below.
For full details of the announcement, including events and times, please click here to view the full release.
ICAP plc published this content on 06 December 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 06 December 2016 13:50:05 UTC.
Original documenthttp://newsroom.icap.com/icap-plc-icap--nex-group-plc-nex-or-newco-publication-of-prospectus-satisfaction-of-conditions-and-confirmation-of-timeline/
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