Go-Ahead Group

Go-Ahead Group (UK): Scheme of Arrangement 

Informative Notice

FTSE Russell note the announcement by Go-Ahead Group (UK, 0375377, FTSE SmallCap Index) in relation to the scheme of arrangement to effect the cash acquisition by Gerrard Investment Bidco Limited, whereby shareholders will receive cash of GBP 14.50 and a special dividend of GBP 1.00. The company have stated that all substantive conditions pertaining to the acquisition been satisfied and the scheme timetable provides the customary Court Sanction hearing is expected to take place on 06 October 2022, followed by the suspension of dealings in Go-Ahead Group shares on 10 October 2022.

On the FTSE UK Index Series September review market capitalisation date of Tuesday 30 August 2022, Go-Ahead Group was ranked as an addition to the FTSE 250 Index.

Section 4.10. of the FTSE Russell Corporate Action and Events Guide outlines that an acquisition may be considered final where the only outstanding approvals are considered customary. Furthermore, an acquisition scheduled to occur subsequent to the review may be expedited and applied in conjunction with the review date, in order to minimise turnover. Consequently, Go-Ahead Group will not be added to the FTSE 250 Index and will instead be removed from the FTSE Russell indices from the open of Monday 19 September 2022.

Additionally, Go-Ahead Group will not be considered as a replacement candidate in the fixed indices.