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Ascential Plc (ASCL) Ordinary 1p

Sell:313.40p Buy:314.00p 0 Change: 3.80p (1.22%)
FTSE 250:1.13%
Market closed |  Prices as at close on 26 April 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

Ascential Plc Ordinary 1p

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 11 Apr 2024)

What is happening?

 

Ascential Plc wants to return up to £850 million to shareholders. As part of this the company is offering to buy its shares at a price between £3.15 and £3.31. This is called a tender offer.

 

If you don’t want to tender your shares, you don't need to do anything. You’ll keep your existing shares.

 

Please see below for a breakdown of the tender offer:

 

  • You can ask to sell (tender) some or all of your shares at a specific price which is not less than £3.15, or greater than £3.31 (in increments of £0.04, e.g. £3.15, £3.19, £3.23, £3.27, £3.31). Alternatively you can ask to tender at the eventual purchase price, which will be determined on completion of the offer.

 

  • The eventual purchase price will be the lowest price within the range at which the company can accept tenders totalling up to £300 million.

 

  • If you tender your shares at a price higher than the purchase price your instruction will be rejected and your shares will be returned to you.

 

  • If you tender your shares at a price less than or equal to the eventual purchase price, you’ll receive the purchase price for any shares successfully sold. However, depending on the total number of elections, you may not sell all of the shares you ask to tender. As your shares are held with Hargreaves Lansdown scaling back of excess elections may not be on the same terms as those announced by the company.

 

Tender shares – Act by noon on Thursday 2 May 2024

 

The tender proceeds for any shares successfully tendered are expected from 15 May 2024.

 

Consolidation and Special Dividend

 

In addition to the tender offer, the company is also intending to return at least £450 million to shareholders by way of a special dividend expected to be paid on 3 June 2024. This payment will be accompanied by a consolidation expected to become effective on 20 May 2024, which is aimed at maintaining the comparability of the company’s share price before and after the payment.

 

The tender offer and consolidation are subject to shareholder approval at a General Meeting being to be held on Monday 22 April 2024. Shareholder approval is not required for the declaration of the special dividend, but the Board does not intend to declare the special dividend unless shareholders approve the consolidation.

 

Should these proposals be approved, the ratio for the consolidation and rate for the special dividend will be announced on 8 May 2024, and we will contact you again with further information.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:313.40p
Buy:314.00p
Change: 3.80p (1.22%)
Deal now Deal for just £11.95 per trade in a Stocks and Shares ISA, Lifetime ISA , SIPP or Fund and Share Account
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Market closed |  Prices as at close on 26 April 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

Ascential Plc Ordinary 1p

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 11 Apr 2024)

What is happening?

 

Ascential Plc wants to return up to £850 million to shareholders. As part of this the company is offering to buy its shares at a price between £3.15 and £3.31. This is called a tender offer.

 

If you don’t want to tender your shares, you don't need to do anything. You’ll keep your existing shares.

 

Please see below for a breakdown of the tender offer:

 

  • You can ask to sell (tender) some or all of your shares at a specific price which is not less than £3.15, or greater than £3.31 (in increments of £0.04, e.g. £3.15, £3.19, £3.23, £3.27, £3.31). Alternatively you can ask to tender at the eventual purchase price, which will be determined on completion of the offer.

 

  • The eventual purchase price will be the lowest price within the range at which the company can accept tenders totalling up to £300 million.

 

  • If you tender your shares at a price higher than the purchase price your instruction will be rejected and your shares will be returned to you.

 

  • If you tender your shares at a price less than or equal to the eventual purchase price, you’ll receive the purchase price for any shares successfully sold. However, depending on the total number of elections, you may not sell all of the shares you ask to tender. As your shares are held with Hargreaves Lansdown scaling back of excess elections may not be on the same terms as those announced by the company.

 

Tender shares – Act by noon on Thursday 2 May 2024

 

The tender proceeds for any shares successfully tendered are expected from 15 May 2024.

 

Consolidation and Special Dividend

 

In addition to the tender offer, the company is also intending to return at least £450 million to shareholders by way of a special dividend expected to be paid on 3 June 2024. This payment will be accompanied by a consolidation expected to become effective on 20 May 2024, which is aimed at maintaining the comparability of the company’s share price before and after the payment.

 

The tender offer and consolidation are subject to shareholder approval at a General Meeting being to be held on Monday 22 April 2024. Shareholder approval is not required for the declaration of the special dividend, but the Board does not intend to declare the special dividend unless shareholders approve the consolidation.

 

Should these proposals be approved, the ratio for the consolidation and rate for the special dividend will be announced on 8 May 2024, and we will contact you again with further information.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:313.40p
Buy:314.00p
Change: 3.80p (1.22%)
Market closed |  Prices as at close on 26 April 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

Ascential Plc Ordinary 1p

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 11 Apr 2024)

What is happening?

 

Ascential Plc wants to return up to £850 million to shareholders. As part of this the company is offering to buy its shares at a price between £3.15 and £3.31. This is called a tender offer.

 

If you don’t want to tender your shares, you don't need to do anything. You’ll keep your existing shares.

 

Please see below for a breakdown of the tender offer:

 

  • You can ask to sell (tender) some or all of your shares at a specific price which is not less than £3.15, or greater than £3.31 (in increments of £0.04, e.g. £3.15, £3.19, £3.23, £3.27, £3.31). Alternatively you can ask to tender at the eventual purchase price, which will be determined on completion of the offer.

 

  • The eventual purchase price will be the lowest price within the range at which the company can accept tenders totalling up to £300 million.

 

  • If you tender your shares at a price higher than the purchase price your instruction will be rejected and your shares will be returned to you.

 

  • If you tender your shares at a price less than or equal to the eventual purchase price, you’ll receive the purchase price for any shares successfully sold. However, depending on the total number of elections, you may not sell all of the shares you ask to tender. As your shares are held with Hargreaves Lansdown scaling back of excess elections may not be on the same terms as those announced by the company.

 

Tender shares – Act by noon on Thursday 2 May 2024

 

The tender proceeds for any shares successfully tendered are expected from 15 May 2024.

 

Consolidation and Special Dividend

 

In addition to the tender offer, the company is also intending to return at least £450 million to shareholders by way of a special dividend expected to be paid on 3 June 2024. This payment will be accompanied by a consolidation expected to become effective on 20 May 2024, which is aimed at maintaining the comparability of the company’s share price before and after the payment.

 

The tender offer and consolidation are subject to shareholder approval at a General Meeting being to be held on Monday 22 April 2024. Shareholder approval is not required for the declaration of the special dividend, but the Board does not intend to declare the special dividend unless shareholders approve the consolidation.

 

Should these proposals be approved, the ratio for the consolidation and rate for the special dividend will be announced on 8 May 2024, and we will contact you again with further information.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
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Business summary

Ascential plc is a United Kingdom-based specialist information, analytics, and e-commerce optimization company. The Company is principally engaged in the provision of industry-specific business intelligence, insights and forecasting through data and digital subscription tools and events. The Company’s segments include Product Design, Marketing, and Retail & Financial Services. The Product Design segment offers consumer product trend forecasting, data, and insight. The Product Design segment also includes trend products for SMEs in the fashion market (WGSN Start) and the advanced color system Coloro. The Company’s Marketing segment includes events, services and tools to measure and optimize marketing creativity, media and platform effectiveness and efficiency. Its Retail & Financial Services segment includes events, data, and tools to improve performance in retail and financial services.

Contact details

Address:
33 Kingsway
LONDON
WC2B 6UF
United Kingdom
Telephone:
+44 (020) 75165000
Website:
https://www.ascential.com/

Important dates

Future events
There are no future events available.
Past events
General meeting 22 April 2024 22/04/24
Final results 21 March 2024 21/03/24
General meeting 18 December 2023 18/12/23
Interim results 22 September 2023 22/09/23

General stock information

EPIC:
ASCL
ISIN:
GB00BYM8GJ06
Market cap:
£1.39 billion
Shares in issue:
441.94 million
Sector:
Media
Exchange:
London Stock Exchange
Currency:
Sterling pence
Indices:
FTSE 250,FTSE 350,FTSE All Share

Key personnel

  • Duncan Painter
    Chief Executive Officer, Executive Director
  • Mandy Gradden
    Chief Financial Officer, Executive Director
  • Rory Elliott
    Director of Investor Relations
  • Naomi Howden
    Company Secretary

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Business summary, contact details and key personnel provided by Thomson Reuters. Important dates provided by Digital Look Ltd. General stock information provided by NBTrader.
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