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DGAP-UK-Regulatory News vom 30.09.2021

Travis Perkins: Completion of Disposal of Plumbing & Heating Business

Travis Perkins (TPK)
30-Sep-2021 / 11:49 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

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

[email protected] [email protected]

 

Heinrich Richter

+44 (0) 7392 125417

[email protected]

 




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