a newly formed company wholly-owned by
(i) B&J HOLDINGS LIMITED, (ii) BLACKSTONE INFRASTRUCTURE PARTNERS JAGUAR (LUX) S.À R.L. and (iii) BLACKSTONE INFRASTRUCTURE PARTNERS JAGUAR II (LUX) S.À R.L.
by means of a scheme of arrangement under Chapter 1, Part 9 of the Companies Act 2014
On 22 December 2020, Causeway Consortium Limited ("BidCo") and the Independent Directors of Applegreen plc ("Applegreen") announced that they had reached agreement on the terms of a cash offer for Applegreen by BidCo, which has been unanimously recommended by the independent committee of the Board of Directors of Applegreen (the "Independent Applegreen Board") and pursuant to which BidCo, a newly formed company wholly owned by B&J Holdings Limited ("B&J") and Blackstone Infrastructure Partners, will acquire the entire issued and to be issued share capital of Applegreen (the "Acquisition"). It is intended that the Acquisition will be implemented by means of a High Court sanctioned scheme of arrangement under Chapter 1 of Part 9 of the Act (the "Scheme").