26 June 2014
Future plc
Publication of Circular and Notice of General Meeting
Further to the announcement made on 29 May 2014, Future plc (LSE: FUTR, "Future," the "Company") has today published and sent to all holders of ordinary shares in the capital of Future ("Future Shareholders") a circular (the "Circular") and related Form of Proxy in relation to the proposed disposal of the Sport titles and the Craft titles (the "Disposal") and the proposed transfer of the listing category of its ordinary shares out of the category of a "premium listing (commercial company")" on the Official List and into the category of a "standard listing" on the Official List (the "Proposed Transfer"). The Circular has been prepared in accordance with the Listing Rules of the Financial Conduct Authority.
The Disposal is subject to the approval of Future shareholders by way of an ordinary resolution and the Proposed Transfer is subject to the approval of Future shareholders by way of a special resolution.
Accordingly, the Circular contains a notice convening a general meeting (the "General Meeting") of the Company which is to be held at the offices of Future plc, 2 Balcombe Stree, London NW1 6NW at 11.00a.m. (London time) on 15 July 2014.
A copy of the Circular and the notice of general meeting are available for viewing on the Company's website at http://www.futureplc.com/investors/. A copy of the Circular and the Form of Proxy has also been submitted to the National Storage Mechanism, and will shortly be available for inspection on the National Storage Mechanism's website http://www.morningstar.co.uk/uk/nsm.
Expected timetable of principal events
Posting of Circular (incorporating the notice of General Meeting) |
26 June 2014 |
Latest time and date for receipt of CREST Proxy Instructions and Forms of Proxy for the General Meeting |
11.00am on 11 July 2014 |
General Meeting |
11.00am on 15 July 2014 |
Expected date of completion of the Disposal |
21 July 2014 |
Expected date upon which the Proposed Transfer will become effective |
13 August 2014 |
Enquiries
Future plc |
+44 (0) 20 7042 4000 |
Zillah Byng-Maddick, Chief Executive |
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Numis Securities Limited (Financial adviser, sponsor and broker to Future) |
+44 (0) 20 7260 1000 |
Lorna Tilbian / Nick Westlake / Mark Lander |
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Brunswick Group (PR adviser to Future) |
+44 (0) 20 7404 5959 |
Jon Coles / Andy Rivett-Carnac |
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Note to editors
Future plc is an international media group and leading digital business, listed on the London Stock Exchange (symbol: FUTR). Future has been named Consumer Digital Publisher of the Year for three years in a row by the Association of Online Publishers (2011, 2012, 2013) and has been named the Professional Publishers Association Digital Publisher of the Year for two consecutive years (2012, 2013).
Future has operations in the UK, US and Australia creating publications, apps, websites and events. It holds market-leading positions in Technology, Games, Guitar, Creative and Auto sectors. It attracts in the region of 58 million monthly global unique users to its websites. Future has developed its own app-creation software, FutureFolio. It produces over 100 digital editions, and has sold over 5 million digital issues in the last year.
Numis Securities Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting exclusively for Future Plc and no one else in connection with the matters referred to in this announcement and apart from the responsibilities and liabilities, if any, which may be imposed on Numis Securities Limited by the Financial Services and Markets Act 2000 and the regulatory regime established thereunder, Numis Securities Limited will not be responsible to anyone other than Future Plc for providing the protections afforded to clients of Numis Securities Limited or for providing advice in relation to the matters referred to in this announcement.
