IFP Ifg Group Plc

 
 IFG Group plc (IFP) 
IFG Group plc: Update on Regulatory Capital 
 
09-Aug-2019 / 12:45 GMT/BST 
Dissemination of a Regulatory Announcement that contains inside information 
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO 
 OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE 
             RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION. 
 
             FOR IMMEDIATE RELEASE 
 
             THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION 
 
             9 August 2019 
 
      REGULATORY CAPITAL 
 
On 2 August 2019, IFG Group plc ("IFG") announced that the Financial Conduct 
        Authority (the "FCA") is requiring IFG to increase the amount of its 
    regulatory capital. IFG also confirmed that the process of obtaining the 
approval of the FCA in order to satisfy the conditions to the acquisition of 
  IFG by SaintMichelCo Limited, an indirect wholly owned subsidiary of funds 
           of which Epiris GP Limited ("Epiris") is the general partner (the 
             "Transaction"), was ongoing. 
 
By way of update to that announcement, IFG confirms that it has been working 
 with Epiris in order to address the FCA's revised capital requirements with 
a view to obtaining the approval of the FCA to the Transaction. The decision 
      of the FCA is expected in the week commencing 12 August 2019. IFG will 
             provide a further update to shareholders in due course. 
 
             Enquiries: 
 
IFG 
Kathryn Purves / Gavin Howard                  +44 20 3887 6181 
 
Evercore (Joint Lead Financial Adviser and Rule 3 Adviser to 
IFG) 
Ollie Clayton / Nick Chapman /                 +44 20 7653 6000 
Demetris Efthymiou 
 
Goodbody (Joint Lead Financial Adviser, Rule 3 Adviser and 
Corporate Broker to IFG) 
Stephen Kane / Charlotte         +353 (0)1 667 0400 +44 203 841 
Craigie                                                    6220 
 
Macquarie Capital (Europe) Limited (Financial Adviser and 
Corporate Broker to IFG) 
Jonny Allison / Alex Reynolds                  +44 20 3037 2000 
 
             Statements Required by the Irish Takeover Rules 
 
 The directors of IFG accept responsibility for the information contained in 
 this Announcement. To the best of the knowledge and belief of the directors 
of IFG (who have taken all reasonable care to ensure that such is the case), 
    the information contained in this Announcement is in accordance with the 
        facts and does not omit anything likely to affect the import of such 
             information. 
 
             Rule 8 Dealing Disclosure Requirements 
 
 Under the provisions of Rule 8.3 of the Irish Takeover Rules, if any person 
  is, or becomes, "interested" (directly or indirectly) in 1% or more of any 
      class of "relevant securities" of IFG, all "dealings" in any "relevant 
     securities" of IFG (including by means of an option in respect of, or a 
  derivative referenced to, any such "relevant securities") must be publicly 
  disclosed by not later than 3:30 p.m. (Eastern Time) on the "business day" 
       following the date of the relevant transaction. This requirement will 
      continue until the date on which the Offer Period ends. If two or more 
   persons cooperate on the basis of any agreement, either express or tacit, 
either oral or written, to acquire an "interest" in "relevant securities" of 
  IFG, they will be deemed to be a single person for the purpose of Rule 8.3 
             of the Takeover Rules. 
 
   Under the provisions of Rule 8.1 of the Takeover Rules, all "dealings" in 
   "relevant securities" of IFG by Epiris or Bidco or by any party acting in 
   concert with any of them, must also be disclosed by no later than 12 p.m. 
     (Eastern Time) on the "business day" following the date of the relevant 
             transaction. 
 
      A disclosure table, giving details of the companies in whose "relevant 
    securities" "dealings" should be disclosed, can be found on the Takeover 
             Panel's website at www.irishtakeoverpanel.ie [1]. 
 
"Interests in securities" arise, in summary, when a person has long economic 
       exposure, whether conditional or absolute, to changes in the price of 
 securities. In particular, a person will be treated as having an "interest" 
    by virtue of the ownership or control of securities, or by virtue of any 
             option in respect of, or derivative referenced to, securities. 
 
 Terms in quotation marks above are defined in the Takeover Rules, which can 
    be found on the Irish Takeover Panel's website www.irishtakeoverpanel.ie 
             [1]. 
 
        If you are in any doubt as to whether you are required to disclose a 
"dealing" under Rule 8, please consult the Irish Takeover Panel's website at 
        www.irishtakeoverpanel.ie [1] or contact the Irish Takeover Panel on 
             telephone number +353 1 678 9020 or fax number +353 1 678 9289 
 
ISIN:           IE0002325243 
Category Code:  MSCH 
TIDM:           IFP 
LEI Code:       213800DDLICUJ14JTY47 
OAM Categories: 2.2. Inside information 
Sequence No.:   16353 
EQS News ID:    855211 
 
End of Announcement EQS News Service 
 
 
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=23cff420131ba9a338a0ee4d4d60bd20&application_id=855211&site_id=vwd&application_name=news 
 

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August 09, 2019 07:45 ET (11:45 GMT)

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