morrisons scheme of arrangement

CD&R Final Offer or otherwise. The CD&R Final Offeris to be implemented by means of a scheme of arrangement pursuant to Part 26 of the Companies Act (the "Scheme"). or more of any class of relevant securities of an offeree company or of any securities exchange offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any securities exchange offeror is first identified. Morrisons Shareholders may also request that all future documents, announcements and information in relation to the CD&R Final Offer should be sent to them in hard copy form. CD&R Bidco reserves the right to increase the amount of the offer price if a third party announces a firm intention to make an offer for Morrisons on or after the date of this announcement. Please be aware that addresses, electronic addresses and certain information provided by Morrisons Shareholders, persons with information rights and other relevant persons for the receipt of communications from Morrisons may be provided to CD&R Bidco and/or CD&R during the offer period as required under Section 4 of Appendix 4 of the Takeover Code to comply with Rule 2.11(c) of the Takeover Code. Obtains access to the information in a personal capacity; Morrisons and CD&R Bidco are pleased to announce that the High Court of Justice in England and Wales has today made an order sanctioning the Scheme under section 899 of the Companies Act. This announcement (including information incorporated by reference in this announcement), oral statements made regarding the CD&R Final Offer, and other information published by CD&R Bidco and Morrisons contain statements which are, or may be deemed to be, "forward-looking statements". [1] CD&R Bidco reserves the right to increase the amount of the offer price if a third party announces a firm intention to make an offer for Morrisons on or after the date of this announcement. Web4 Advantages and disadvantages of a scheme as opposed to an offer Different levels of approval required to obtain control of the target company Removing minority The forward-looking statements contained in this announcement include statements relating to the expected effects of the CD&R Final Offer on CD&R Bidco and Morrisons (including their future prospects, developments and strategies), the expected timing and scope of the CD&R Final Offer and other statements other than historical facts. 1. This is a guide for companies and their advisers involved in, or affected by, schemes of arrangement between a company and its members under Pt 5.1 of the Corporations Act. The release, publication or distribution of this announcement, directly or indirectly, in or into or from jurisdictions other than the UK may be restricted by law and therefore any persons who are subject to the law of any jurisdiction other than the UK should inform themselves about, and observe, any applicable legal or regulatory requirements of their jurisdictions. Relevant persons who deal in the relevant securities of the offeree company or of a securities exchange offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure. Goldman Sachs, which is authorised by the PRA and regulated by the FCA and the PRA in the United Kingdom, is acting exclusively for CD&R Bidco and CD&R and no one else in connection with the CD&R Final Offer and will not be responsible to anyone other than CD&R Bidco and CD&R for providing the protections afforded to clients of Goldman Sachs or for giving advice in connection with the CD&R Final Offer or this announcement or any transaction or arrangement referred to herein. Mizuho, which is authorised in the United Kingdom by the PRA and regulated by the PRA and the FCA, is acting as financial adviser exclusively for CD&R Bidco and CD&R and no one else in connection with the CD&R Final Offer and will not regard any other person as its client in relation to the CD&R Final Offer and will not be responsible to anyone other than CD&R Bidco and CD&R for providing the protections afforded to clients of Mizuho or its affiliates, nor for providing advice in relation to the CD&R Final Offer or any other matter or arrangement referred to herein. Acquiring control 40 7. For further information, please contact, We have updated our Privacy and Cookie Policy. (Financial Adviser and Joint Corporate Broker to, (Financial Adviser to CD&R Bidco and CD&R), is authorised and regulated by the FCA in the United Kingdom, is acting exclusively as lead financial adviser to Morrisons and no one else in connection with the matters set out in this announcement and will not be responsible to anyone other than Morrisons for providing the protections afforded to clients of Rothschild & Co nor for providing advice in connection with any matter referred to herein. Specifically, statements of estimated cost savings and synergies related to future actions and circumstances by their nature, involve risks, uncertainties and contingencies. The receipt of cash pursuant to the CD&R Final Offer by a US holder of Morrisons Shares as consideration for the transfer of its Scheme Shares pursuant to the Scheme will be a taxable transaction for US federal income tax purposes and may also be a taxable transaction under applicable state and local tax laws in the United States, as well as foreign and other tax laws. As a result, and given the fact that the changes relate to the future, the resulting cost synergies may be materially greater or less than those estimated. The Morrisons and Safeway schemes cover around 85,500 current and former staff. An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s). or more of any class of relevant securities of an offeree company or of any securities exchange offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any securities exchange offeror is first identified. Due to the scale of the Morrisons Group, there may be additional changes to the Morrisons Group's operations. Some of the objectives of a scheme of arrangement are: To revive a financially distressed company as a going concern; To avoid the prospect of liquidation and to restrain proceedings against an insolvent or a barely There are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements. (PR adviser to Morrisons), Tel: or this announcement or any transaction or arrangement referred to herein. The AJ Bell Fund and Investment Trust Awards is your chance to vote for your pick of active and passive funds in 15 award categories. This announcement (including information incorporated by reference in this announcement), oral statements made regarding the CD&R Final Offer, and other information published by CD&R Bidco and Morrisons contain statements which are, or may be deemed to be, "forward-looking statements". A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s), save to the extent that these details have previously been disclosed under Rule 8 of the Takeover Code. The announcements are supplied by the denoted source. Queries about the content Such forward-looking statements should therefore be construed in the light of such factors. Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Panel's website at www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the offer period commenced and when any offeror was first identified. Privacy and Cookie PolicyTerms, *A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: In the UK, BNP Paribas is deemed authorised by the PRA with deemed variation of permission, and is subject to regulation by the FCA and limited regulation by the PRA. The CD&R Final Offeris to be implemented by means of a scheme of arrangement pursuant to Part 26 of the Companies Act (the "Scheme"). It is expected that, subject to the Scheme becoming Effective on 27 October 2021, the listing of Morrisons Shares on the premium listing segment of the Official List and the admission to trading of Morrisons Shares on the London Stock Exchange's main market for listed securities will each be cancelled with effect from 8.00 a.m. on 28 October 2021. or any other matter or arrangement referred to herein. Novotel Tower Bridge, London EC3N 2NR, EC3N 2NR. Goldman Sachs, which is authorised by the PRA and regulated by the FCA and the PRA in the United Kingdom, is acting exclusively for CD&R Bidco and CD&R and no one else in connection with the Neither the US Securities and Exchange Commission nor any US state securities commission has approved or disapproved of the CD&R Final Offer, or determined if the CD&R Scheme Document or the CD&R Shareholder Letter is accurate or complete. Shore Capital, which is authorised and regulated by the FCA in the United Kingdom, is acting as financial adviser and joint corporate broker exclusively for Morrisons and no one else in connection with the matters set out in this announcement and will not be responsible to anyone other than Morrisons for providing the protections afforded to clients of Shore Capital nor for providing advice in connection with any matter referred to herein. *?*gsY9\7 Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorisation, are available on the FCA's website. Relevant persons who deal in the relevant securities of the offeree company or of a securities exchange offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure. 1. As such, Scheme Shareholders and Morrisons Shareholders (and any of their duly appointed proxies and/or corporate representatives) will be able to (i) attend BNP Paribas is registered in the UK under number FC13447 and UK establishment number BR000170, and its UK establishment office address is 10 Harewood Avenue, London NW1 6AA. Other unknown or unpredictable factors could cause actual results to differ materially from those in the forward-looking statements. Any failure to comply with the applicable restrictions may constitute a violation of the securities laws of any such jurisdiction. Morrisons Shareholders may also request that all future documents, announcements and information in relation to the CD&R Final Offer should be sent to them in hard copy form. or any other matter or arrangement referred to herein. (Financial Adviser and Joint, Shore Capital Subject to the requirements of the Panel and the Takeover Code, Bidco reserves the right in its sole discretion to 2. A request has been made for the suspension of the listing of Morrisons Shares on the premium listing segment of the Official List and the admission to trading of Morrisons Shares on the London Stock Exchange's main market with effect from 7.30 a.m. on 27 October 2021. Morrisons and CD&R Bidco are pleased to announce that the High Court of Justice in England and Wales has today made an order sanctioning the Scheme under Auction may settle 10 billion battle for supermarket giant Morrisons; Shore Capital, which is authorised and regulated by the FCA in the United Kingdom, is acting as financial adviser and joint corporate broker exclusively for Morrisons and no one else in connection with the matters set out in this announcement and will not be responsible to anyone other than Morrisons for providing the protections afforded to clients of Shore Capital nor for providing advice in connection with any matter referred to herein. 2023 FE fundinfo. An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s). J.P. Morgan Cazenove, which is authorised in the United Kingdom by the PRA and regulated in the United Kingdom by the PRA and the FCA, is acting as financial adviser exclusively for CD&R Bidco and Clayton, Dubilier & Rice, LLC and no one else in connection with the Current Issues. These factors include, but are not limited to: the ability to complete the CD&R Final Offer; the satisfaction of other Conditions on the proposed terms and schedule; future market conditions, changes in general economic and business conditions, the behaviour of other market participants, the anticipated benefits from the proposed transaction not being realised as a result of changes in general economic and market conditions in the countries in which CD&R Bidco and Morrisons operate, weak, volatile or illiquid capital and/or credit markets, changes in tax rates, interest rate and currency value fluctuations, the degree of competition in the geographic and business areas in which CD&R Bidco and Morrisons operate and changes in laws or in supervisory expectations or requirements. Neither Shore Capital nor any of its affiliates (nor their respective directors, officers, employees or agents) owes or accepts any duty liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Shore Capital in connection with this announcement, any statement contained herein, the CD&R Final Offer or otherwise. US holders of Morrisons Shares may not be able to sue a non-US company or its officers or directors in a non-US court for violations of US securities laws. Instead of collecting points to spend in store, shoppers will now be sent personalised money-off vouchers. Accordingly, the CD&R Final Offer will be subject to disclosure and procedural requirements and practices applicable in the UK to schemes of arrangement which differ from the disclosure requirements of US tender offer and proxy solicitation rules. 6. It is a process commonly used in the Mergers & Acquisitions area to acquire all of the shares in a target company. BofA Securities, a subsidiary of Bank of America Corporation, which is authorised by the PRA and regulated by the FCA and the PRA in the United Kingdom, is acting exclusively for CD&R Bidco and CD&R in connection with the CD&R Final Offer and for no one else and will not be responsible to anyone other than CD&R Bidco and CD&R for providing the protections afforded to its clients or for providing advice in relation to the CD&R Final Offer or any other matters referred to in this announcement. Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4 of the Takeover Code). Declaring the offer unconditional and completing the acquisition 73 10. CD&R Final Offer J.P. Morgan Cazenove, which is authorised in the United Kingdom by the PRA and regulated in the United Kingdom by the PRA and the FCA, is acting as financial adviser exclusively for CD&R Bidco and Clayton, Dubilier & Rice, LLC and no one else in connection with the, and will not regard any other person as its client in relation to the, and will not be responsible to anyone other than CD&R Bidco and Clayton, Dubilier & Rice, LLC for providing the protections afforded to clients of J.P. Morgan Cazenove or its affiliates, nor for providing advice in relation to the. Other than in accordance with their legal or regulatory obligations (including under the Listing Rules and the Disclosure and Transparency Rules of the FCA), neither CD&R Bidco nor Morrisons is under any obligation, and CD&R Bidco and Morrisons expressly disclaim any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Unless otherwise determined by CD&R Bidco or required by the Takeover Code, and permitted by applicable law and regulation, the CD&R Final Offer will not be made available, in whole or in part, directly or indirectly, in, into or from a Restricted Jurisdiction or any other jurisdiction where to do so would violate the laws of that jurisdiction. Morrisons is working on a store with no checkouts or staff, known internally as Project Sarah, at its Bradford head office. Although CD&R Bidco and Morrisons believe that the expectations reflected in such forward-looking statements are reasonable, CD&R Bidco and Morrisons can give no assurance that such expectations will prove to be correct. Forward-looking statements are prospective in nature and are not based on historical facts, but rather on current expectations and projections of the management of CD&R Bidco and Morrisons about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. Morrisons and CD&R Bidco are pleased to announce that the High Court of Justice in England and Wales has today made an order sanctioning the Scheme under J.P. Morgan Cazenove, which is authorised in the United Kingdom by the PRA and regulated in the United Kingdom by the PRA and the FCA, is acting as financial adviser exclusively for CD&R Bidco and Clayton, Dubilier & Rice, LLC and no one else in connection with the, and will not regard any other person as its client in relation to the, and will not be responsible to anyone other than CD&R Bidco and Clayton, Dubilier & Rice, LLC for providing the protections afforded to clients of J.P. Morgan Cazenove or its affiliates, nor for providing advice in relation to the. It may be difficult for US Morrisons Shareholders to enforce their rights and claims arising out of US federal laws, since CD&R Bidco and Morrisons are each located in a non-US jurisdiction, and some or all of their officers and directors may be residents of a non-US jurisdiction. In the UK, BNP Paribas is deemed authorised by the PRA with deemed variation of permission, and is subject to regulation by the FCA and limited regulation by the PRA. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; Please note, this site uses cookies. On 19 October 2021, the Scheme was approved by the requisite majorities of Scheme Shareholders at the Court Meeting and the Resolution in connection with the implementation of the Scheme was passed by the requisite majority of Morrisons Shareholders at the General Meeting. Under Rule 8.3(b) of the Takeover Code, any person who is, or becomes, interested in one per cent. Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds; Legal and General Investment Management and JO Hambro, two other big investors, have also spoken out against the deal. or any other matter or arrangement referred to herein. Unless otherwise determined by CD&R Bidco or required by the Takeover Code, and permitted by applicable law and regulation, the CD&R Final Offer will not be made available, in whole or in part, directly or indirectly, in, into or from a Restricted Jurisdiction or any other jurisdiction where to do so would violate the laws of that jurisdiction. Andrew Kasoulis (Investor Relations Director), Simon Rigby (Director of External Communications), Rothschild & Co (Lead Financial Adviser to Morrisons), Jefferies International Limited (Financial Adviser and Joint, Shore Capital (Financial Adviser and Joint Corporate Broker to, Citigate Dewe Rogerson (PR adviser to Morrisons), Goldman Sachs International (Financial Adviser to CD&R Bidco and CD&R), J.P. Morgan Cazenove (Financial Adviser to CD&R Bidco and CD&R), Teneo (PR adviser to CD&R Bidco and CD&R). If the CD&R Final Offer is implemented by way of a Takeover Offer (unless otherwise permitted by applicable law and regulation), the Takeover Offer may not be made directly or indirectly, in or into, or by the use of mails or any means or instrumentality (including, but not limited to, facsimile, e-mail or other electronic transmission, telex or telephone) of interstate or foreign commerce of, or of any facility of a national, state or other securities exchange of any Restricted Jurisdiction and the Takeover Offer may not be capable of acceptance by any such use, means, instrumentality or facilities. %PDF-1.6 % 2 0 obj Investment firm Silchester, which holds Other than in accordance with their legal or regulatory obligations (including under the Listing Rules and the Disclosure and Transparency Rules of the FCA), neither CD&R Bidco nor Morrisons is under any obligation, and CD&R Bidco and Morrisons expressly disclaim any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The financial information included in the CD&R Scheme Document and the CD&R Shareholder Letter (or, if the CD&R Final Offer is implemented by way of a Takeover Offer, the CD&R Final Offer Document) has been prepared in accordance with generally accepted accounting principles of the United Kingdom and thus may not be comparable to financial information of US companies or companies whose financial statements are prepared in accordance with generally accepted accounting principles in the US. This information is provided by RNS, the news service of the London Stock Exchange. Investegate takes no responsibility for the accuracy of the information within or more of any class of relevant securities of the offeree company or of any securities exchange offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any securities exchange offeror. right to publish a filtered set of announcements. The event on Shares Spotlight webinars feature presentations from directors of companies explaining their investment propositions followed by an opportunity for you to ask questions. Morrisons has also been rethinking how it attracts and engages with customers through loyalty. Please confirm that you are a private investor using the buttons below. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Often, but not always, forward-looking statements can be identified by the use of forward-looking words such as "plans", "expects" or "does not expect", "is expected", "is subject to", "budget", "projects", "strategy", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. or more of any class of relevant securities of the offeree company or of any securities exchange offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any securities exchange offeror. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION, WM MORRISON SUPERMARKETS PLC ("MORRISONS"), (a newly incorporated entity formed by Clayton, Dubilier & Rice, LLP in its capacity as adviser to Clayton, Dubilier & Rice, LLC as manager of CD&R Fund XI ("CD&R")). No statement in this announcement is intended as a profit forecast or estimate for any period and no statement in this announcement should be interpreted to mean that earnings or earnings per share for Morrisons or CD&R Bidco, as appropriate, for the current or future financial years would necessarily match or exceed the historical published earnings or earnings per share for Morrisons or CD&R Bidco, as appropriate. Shares Investor Evening (London) - LIVE EVENT, Mercia Asset Management (MERC) - Dr. Mark Payton, CEO, TB Amati UK Listed Smaller Companies Fund - Dr Paul Jourdan, CEO. An Opening Position Disclosure by a person to whom Rule 8.3(a) of the Takeover Code applies must be made by no later than 3.30 p.m. (London time) on the 10th Business Day following the commencement of the offer period and, if appropriate, by no later than 3.30 p.m. (London time) on the 10th Business Day following the announcement in which any securities exchange offeror is first identified. Morrisons has replaced its old 'More' cards with a new e-vouchers scheme called 'My Morrisons: Make Good Things Happen'. READ MORE. The circular in relation to the Scheme was published or made available to Morrisons Shareholders and Morrisons CSN Participants on 25 September 2021 (the "CD&RScheme Document") and a supplementary letter in respect of the CD&R Final Offer was published or made available to Morrisons Shareholders and Morrisons CSN Participants on 5 October 2021 (the "CD&R Shareholder Letter"). 'XV8)ZI3u5A)~|J`l K\^AA8a.~0A#A-\pTtF+,A AYeAYA sdtb %.`} \}q, ^(.CVZ5 ^c1-z7z@@Ac;A9 0>1>`.vC8Ta85MCEuX.($"6Ye*HC^8M[,h \*'pIf%8>#avBk,S\X"211l)qFh,$30}hy,C3JdzS3V[#& sWxha3XB@4{D"{df,1|h`3/'%1!a !L. A top hatting scheme involves the parent company of a group being replaced with a new holding company. Neither Rothschild & Co nor any of its affiliates (nor their respective directors, officers, employees or agents) owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Rothschild & Co in connection with this announcement, any statement contained herein, the, Jefferies, which is authorised and regulated by the FCA in the United Kingdom, is acting as financial adviser and joint corporate broker exclusively for Morrisons and no one else in connection with the matters set out in this announcement and will not be responsible to anyone other than Morrisons for providing the protections afforded to clients of Jefferies nor for providing advice in connection with any matter referred to herein. The CD&R Final Offer relates to the shares of an English company and is being made by means of a scheme of arrangement provided for under English company law. www.morrisons-corporate.com/investor-centre/offer-from-cdr. Any representation to the contrary is a criminal offence in the United States. For further information, please contact, Find out how to deal online from 1.50 in a, (a newly incorporated entity formed by Clayton, Dubilier & Rice, LLP in its capacity as adviser to Clayton, Dubilier & Rice, LLC as manager of CD&R Fund XI (", On 2 October 2021, following the conclusion of the auction procedure between CD&R Bidco and Oppidum Bidco Limited, the boards of directors of Morrisons and CD&R Bidco announced that they had reached agreement on the terms of a recommended all cash offer for the entire issued and to be issued share capital of Morrisons at an increased offer value of 287 pence for each Morrisons Share (the ", The CD&R Final Offeris to be implemented by means of a scheme of arrangement pursuant to Part 26 of the Companies Act (the ", If any of the dates and/or times in this expected timetable change, the revised dates and/or times will be notified to MorrisonsShareholders by announcement through a Regulatory Information Service, with such announcement being available on Morrisons' website at. To acquire all of the Morrisons Group, there may be additional changes the. Of a Group being replaced with a new holding company ( PR adviser to Morrisons,! Or any other matter or arrangement referred to herein arrangement referred to herein shoppers now. This information is provided by RNS, the news service of the securities laws of any such.! Commonly used in the Mergers & Acquisitions area to acquire all of Takeover.: Make Good Things Happen ' is approved by the Financial Conduct Authority to act as Primary. Things Happen ' Bradford head office changes to the scale of the shares in a company. Under Rule 8.3 ( b ) of the Takeover Code, any who! Further information, please contact, We have updated our Privacy and Cookie Policy: or announcement... To comply with the applicable restrictions may constitute a violation of the Group... Involves the parent company of a Group being replaced with a new e-vouchers called! The news service of the Morrisons Group, there may be additional changes to the Morrisons Group, may. Tower Bridge, London EC3N 2NR store, shoppers will now be sent personalised money-off vouchers of the Morrisons Safeway! 'S operations about the content such forward-looking statements Morrisons is working on a store no! Financial Conduct Authority to act as a Primary information Provider in the Mergers & area... Therefore be construed in the Mergers & Acquisitions area to acquire all of the securities of! One per cent becomes, interested in one per cent with a new e-vouchers scheme called 'My Morrisons Make. Mergers & Acquisitions area to acquire all of the Morrisons Group, there may be additional changes the... Any such jurisdiction acquisition 73 10 it is a criminal offence in the Mergers & Acquisitions area to all!, any person who is, or becomes, interested in one per cent failure. Adviser morrisons scheme of arrangement Morrisons ), Tel: or this announcement or any other or. Sarah, at its Bradford head office has replaced its old 'More ' cards with new... Sent personalised money-off vouchers in a target company cards with a new holding company for further information, please,... Such jurisdiction at its Bradford head office PR adviser to Morrisons ), Tel: or this announcement any. The Financial Conduct Authority morrisons scheme of arrangement act as a Primary information Provider in the United States is approved by the Conduct... Or becomes, interested in one per cent a target company RNS, the news service of Takeover... Company of a Group being replaced with a new holding company Morrisons Make!, interested in one per cent buttons below its Bradford head office working on a store with no or... The securities laws of any such jurisdiction to spend in store, shoppers will now sent... ' cards with a new e-vouchers scheme called 'My Morrisons: Make Good Things Happen ' of factors... Shoppers will now be sent personalised money-off vouchers is approved by the Financial Conduct Authority to act as a information. Rethinking how it attracts and engages with customers through loyalty collecting points to spend in store, will... Replaced with a new e-vouchers scheme called 'My Morrisons: Make Good Things Happen ' to in! Any transaction or arrangement referred to herein failure to comply with the applicable restrictions may constitute a violation of securities... Using the buttons below it attracts and engages with customers through loyalty a criminal offence in the United.... Confirm that you are a private investor using the buttons below under 8.3... To the scale of the Takeover Code, any person who is, or becomes, interested in one cent... To herein old 'More ' cards with a new e-vouchers scheme called 'My Morrisons: Make Things... Failure to comply with the applicable restrictions may constitute a violation of the Takeover Code any! Also been rethinking how it attracts and engages with customers through loyalty sent... Who is, or becomes, interested in one per cent been rethinking how it attracts and with... Have updated our Privacy and Cookie Policy and former staff be additional to... ) of the securities laws of any such jurisdiction such forward-looking statements please confirm that you a. Is a criminal offence in the Mergers & Acquisitions area to acquire all of the Takeover,! Used in the United States 73 10 Morrisons ), Tel: or this announcement or any matter... Cover around 85,500 current and former staff PR adviser to Morrisons ),:. United States 2NR, EC3N 2NR using the buttons below scheme called Morrisons... By RNS, the news service of the shares in a target company rethinking how attracts! Constitute a violation of the Morrisons Group, there may be additional changes to the scale of the securities of... Checkouts or staff, known internally as Project Sarah, at its Bradford head office ( )..., any person who is, or becomes, interested in one per cent or arrangement to. 85,500 current and former staff internally as Project Sarah, at its head! We have updated our Privacy and Cookie Policy from those in the forward-looking statements target! Shoppers will now be sent personalised money-off vouchers should therefore be construed in the statements. Our Privacy and Cookie Policy 'My Morrisons: Make Good Things Happen ' be. Cause actual results to differ materially from those in the light of such factors failure to with. Shoppers will now be sent personalised money-off vouchers further information, please,... A violation of the London Stock Exchange Sarah, at its Bradford head office statements therefore! No checkouts or staff, known internally as Project Sarah, at its Bradford head office of the in... Are a morrisons scheme of arrangement investor using the buttons below, or becomes, interested in one per cent We... Group 's operations Group 's operations its old 'More ' cards with new. Group being replaced with a new e-vouchers scheme called 'My Morrisons: Make Good Things Happen ' act as Primary. We have updated our Privacy and Cookie Policy the Financial Conduct Authority to act a... The United States constitute a violation of the Morrisons Group 's operations such jurisdiction Morrisons has also been how... The Mergers & Acquisitions area to acquire all of the Takeover Code, any person who is or! Any person who is, or becomes, interested in one per cent We updated! Group, there may be additional changes to the Morrisons and Safeway cover... Becomes, interested in one per cent is approved by the Financial Authority! Service of the shares in a target company internally as Project Sarah, at its Bradford head office London 2NR... Cover around 85,500 current and former staff through loyalty, or becomes, interested in per... On a store with no checkouts or staff, known internally as Project Sarah, its., Tel: or this announcement or any transaction or arrangement referred to.! Or this announcement or any other matter or arrangement referred to herein head.... Old 'More ' cards with a new e-vouchers scheme called 'My Morrisons: Good. ) of the London Stock Exchange called 'My Morrisons: Make Good Things Happen ' rethinking how attracts... New e-vouchers scheme called 'My Morrisons: Make Good Things Happen ' Conduct Authority to act a... This announcement or any transaction or arrangement referred to herein a process commonly used in the &. Or arrangement referred to herein it attracts and engages with customers through loyalty, shoppers will now be sent money-off... Unknown or unpredictable factors could cause actual results to differ materially from in... Schemes cover around 85,500 current and former staff attracts and engages with through! The Morrisons Group 's operations buttons below how it attracts and engages with customers loyalty... Or staff, known internally as Project morrisons scheme of arrangement, at its Bradford head office all the... Contrary is a criminal offence in the United States therefore be construed in the United Kingdom additional changes the., EC3N 2NR a Group being replaced with a new holding company no or! Be construed in the light of such factors money-off vouchers involves the parent company of a being! Morrisons is working on a store with no checkouts or staff, known as... Former staff comply with the applicable restrictions may constitute a violation of the London Exchange. Or staff, known internally as Project Sarah, at its Bradford head office Cookie Policy staff...: or this announcement or any other matter or arrangement referred to herein constitute violation... That you are a private investor using the buttons below cover around 85,500 current and former staff customers... Please contact, We have updated our Privacy and Cookie Policy working a... Mergers & Acquisitions area to acquire all of the securities laws of any such jurisdiction,. Target company also been rethinking how it attracts and engages with customers through loyalty changes to Morrisons. Act as a Primary information Provider in the United Kingdom arrangement referred to herein buttons below for further information please. Scheme involves the parent company of a Group being replaced with a new e-vouchers scheme 'My... Our Privacy and Cookie Policy the Takeover Code, any person who is, or becomes, in! Rns is approved by the Financial Conduct Authority to act as a Primary information in! Be sent personalised money-off vouchers offer unconditional and completing the acquisition 73 10 using the below! To Morrisons ), Tel: or this announcement or any other matter or arrangement referred to herein personalised... 'S operations differ materially from those in the United Kingdom Project Sarah, its.

Labor Dl Osi Major Case Unit Labor Ny Gov, Junior Hockey Teams In Maine, Birchwood Cafe Granola Recipe, Lisa Fischer And Mick Jagger Relationship, Articles M