Completion of the P&H Disposal

On 20 May 2021, Travis Perkins plc ("Travis Perkins" or the "Company") announced the disposal of its Plumbing & Heating distribution business to an affiliate of H.I.G. Capital for cash consideration of £325 million (the "P&H Disposal") and its intention to return the proceeds of such disposal to shareholders.
 

Travis Perkins is pleased to announce that completion of the P&H Disposal occurred on 30 September 2021. In accordance with the announcement on 21 September 2021, Travis Perkins will distribute the net proceeds of the P&H Disposal to shareholders through a combination of a special dividend and a share buyback programme.

For further information please contact:
 

Travis Perkins Powerscourt

Matt Worster Justin Griffiths / James White

+44 (0) 7990 088548 +44 (0) 207 2501446

matt.worster@travisperkins.co.uk travisperkins@powerscourt-group.com

 

Heinrich Richter

+44 (0) 7392 125417

heinrich.richter2@travisperkins.co.uk