Rank Group PLC Relationship Agreement (8836V)
19 April 2021 - 7:30PM
UK Regulatory
TIDMRNK
RNS Number : 8836V
Rank Group PLC
19 April 2021
LEI: 213800TXKD6XZWOFTE12
19 April 2021
The Rank Group Plc ('Rank' or the 'Company')
Reorganisation of Controlling Shareholders and Novation of
Relationship Agreement
Rank announces that, following an internal reorganisation by its
Controlling Shareholders (as defined under the Listing Rules) (the
"Reorganisation"), with effect from 16 April 2021 Hong Leong
Company (Malaysia) Berhad ("Hong Leong") will no longer be a
Controlling Shareholder of the Company. Notwithstanding the
Reorganisation, the total issued share capital of the Company held
by the Controlling Shareholders remains unchanged at 56.1%.
Prior to the Reorganisation, Hong Leong was the ultimate parent
company of Guoco Group Limited ("Guoco"). Following the
Reorganisation, the ultimate parent company of Guoco is GuoLine
Capital Assets Limited ("GuoLine"). Guoco holds a controlling
interest in Rank via its wholly-owned subsidiary, Rank Assets
Limited.
The Company, Hong Leong and Guoco entered into a relationship
agreement on 10 November 2014 to govern the relationship between
the Company and its Controlling Shareholders ("Relationship
Agreement"). Further to the Reorganisation, Hong Leong, Guoco and
the Company agreed to novate the Relationship Agreement such that,
with effect from 16 April 2021, the parties to the Relationship
Agreement are the Company, Guoco and GuoLine. The terms of the
Relationship Agreement remain unchanged.
Ends
Contacts: Tel: +44 1628 504 303
Rank Tel: +44 1628 504 295
Sarah Powell - investor relations
David Williams - public affairs
Media Enquiries: Tel: +44 20 3727 1067
FTI Consulting LLP (PR adviser Tel: +44 20 3727 1045
to Rank)
Edward Bridges
Alex Beagley
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END
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