TIDMINCE TIDMARDN

RNS Number : 6158I

Ince Group PLC (The)

19 April 2022

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY RESTRICTED JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION. UPON THE PUBLICATION OF THIS ANNOUNCEMENT THE INSIDE INFORMATION IS NOW IN THE PUBLIC DOMAIN

FOR IMMEDIATE RELEASE

   19   April 2022

the ince group PLC

Recommended All Share Offer

for

Arden Partners plc ("Arden")

by

The Ince Group plc ("Ince")

Offer Update - Extension of FCA approval

Further to Ince's announcement on 14 April 2022, the directors of Ince are pleased to report that the FCA has extended its approval of the Change of Control of Arden upon the completion of Ince's all-share offer to acquire the issued and to be issued share capital of Arden (the "Acquisition"), to 28 April 2022.

The Acquisition is to be effected through a court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 (the "Scheme"). A document containing full details of the terms and conditions of the Scheme and the Acquisition (the "Scheme Document") was published on 20 December 2021. Capitalised terms used but not otherwise defined in this announcement have the meanings given to them in the Scheme Document.

All required regulatory approvals for completion of the Scheme and the Acquisition have now been received or waived.

Completion of the Scheme and the Acquisition remains subject to the sanction of the Scheme under section 899 of the Companies Act and the delivery of a copy of the Court Order to the Registrar of Companies.

A court hearing to sanction the Scheme has been scheduled to be held on 27 April 2022. Assuming the Scheme is sanctioned at such hearing, it is expected that a copy of the order of the Court to sanction the Scheme will be delivered to the Registrar of Companies and the Scheme will become effective on 28 April 2022 (the "Effective Date").

The current expected timetable of principal events for the completion of the Scheme and the Acquisition remains as set out in Ince's announcement on 14 April 2022.

Enquiries:

 
 The Ince Group plc 
 Adrian Biles, Group Chief Executive            investorrelations@incegd.com 
 Simon Oakes, Chief Financial Officer 
 
 Allenby Capital Limited - Nominated Adviser    +44 (0) 20 3328 5656 
 Jeremy Porter / Piers Shimwell, Corporate 
  Finance 
 
 Arden Partners plc - Financial Adviser 
  and Broker                                    +44 (0) 20 7614 5900 
 Paul Shackleton, Corporate Finance 
 John Llewellyn Lloyd, Corporate Finance 
 Louisa Waddell, Corporate Finance 
 Simon Johnson, Equity Sales 
 
 Williams Nicolson - Financial PR               +44 (0) 7767 345 563 
 Steffan Williams / Fraser Schurer-Lewis        ince@williamsnicolson.com

About The Ince Group plc

The Ince Group is a dynamic international legal and professional services business with offices in nine countries across Europe, Asia and the Middle East. With over 700 people, The Ince Group delivers legal advice, strategic guidance and business solutions to clients ranging from the world's oldest and biggest businesses operating across numerous industries to ultra-high net worth individuals. Through its entrepreneurial culture and "one firm" approach, the business offers its clients over 150 years of experience, insight and relationships. The Group is driven by a unique team of passionate people whose broad expertise and deep sector specialisms provide their clients with solutions to all their complex legal and strategic needs.

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END

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April 19, 2022 09:00 ET (13:00 GMT)

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