Kier Board News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Kier board. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Kier Board Today - Breaking & Trending Today
Kier Group plc ( Kier or the Company ) today announces that, further to the announcement on Friday 16 April 2021 in relation to the proposed sale of Kier Living Limited, (the Transaction ), a shareholder circular relating to the Transaction (the Circular ) has been published today, having received approval from the Financial Conduct Authority.
As described in the Circular, the Kier Board unanimously recommends that all shareholders vote or procure votes in favour of the resolution being proposed at the General Meeting. Kier urges all Kier shareholders ( Shareholders ) to read the Circular carefully as it contains important information in relation to the Transaction. General Meeting ....
Kier Group plc ( Kier or the Company ) today announces that it has entered into an agreement for the cash sale of Kier Living Limited ( KierLiving ) to Foster BidCo Limited (the Buyer ), a newly formed company, ultimately owned by Guy Hands, the Founder, Chairman and Chief Investment Officer of Terra Firma (the Transaction ).
The Transaction is conditional on Kier shareholders ( Shareholders ) approval at a General Meeting expected to occur in early May.
The consideration payable by the Buyer for Kier Living is £110 million, payable in cash on completion of the Transaction ( Completion ), which is expected before mid-June. There will be additional payments made on completion to cover, among other things, Kier and its subsidiary and associated undertakings (the Group ) providing working capital ....