お知らせ • Mar 04
Young & Co.'s Brewery, P.L.C. (AIM:YNGA) completed the acquisition of The City Pub Group plc (AIM:CPC) from Unicorn Asset Management Ltd., Canaccord Genuity Asset Management Limited, Gresham House Asset Management Limited, and Otus Capital Management Limited.
Young & Co.'s Brewery, P.L.C. (AIM:YNGA) signed an agreement to acquire The City Pub Group plc (AIM:CPC) from Unicorn Asset Management Ltd., Canaccord Genuity Asset Management Limited, Gresham House Asset Management Limited, and Otus Capital Management Limited for £153 million on November 16, 2023. Young & Co.'s Brewery, P.L.C. will issue £1.0875 in cash and 0.032658 new Young's A Shares. City Pubs Shareholders will, in the aggregate, receive approximately 3.61 million new Young's A Shares. Young's intends to finance the Cash Consideration payable to City Pubs Shareholders pursuant to the Transaction from new third-party debt. Young's entered into a new £130 million loan facilities agreement with Barclays Bank plc, HSBC UK Bank Plc and National Westminster Bank Plc on November 16, 2023 in connection with the financing of the Cash Consideration payable to City Pubs Shareholders pursuant to the Transaction, regulatory approvals, (CMA) Competition and Markets Authority approval doesn't required as of now. The application for the admission of the New Young's A Shares to trading on AIM has been approved. The transaction is conditional on the approval of the requisite majority of Scheme Shareholders at the Court Meeting and the requisite majority of City Pubs Shareholders at the General Meeting. The Transaction is expected to become effective in Q1 2024, the long stop date of the transaction is May 16, 2024. AS of January 17, 2024, City Pub Group's Shareholders voted to pass the resolution and the resolution proposed at the Court Meeting was passed on a poll vote. The transaction is expected to complete on 4 March 2024. As of March 4, 2024, City Pubs announced that the Court had sanctioned the Scheme at the Court Sanction Hearing on February 29, 2024.
James Mitford, Jonty Edwards, Dean Schneider of J.P. Morgan Cazenove Limited acted as financial advisor to Young & Co.'s Brewery, P.L.C. Sam Fuller, Tim Richardson, Tom Barnard of Houlihan Lokey UK Limited, and Chris Clarke, Mark Harrison, Ed Thomas, Kane Collings of Liberum Capital Limited, acted as financial advisor to The City Pub Group plc. Andy Ley and Louise Pritchard of Addleshaw Goddard LLP acted as legal advisor to The City Pub Group plc. Paul Dickson, Matthew Tobin, Bertrand Louveaux, Phil Linnard, Charles Cameron and Gareth Miles of Slaughter and May acted as legal advisor to Young & Co.'s Brewery, P.L.C. Houlihan Lokey UK Limited and Liberum Capital Limited acted as fairness opinion provider for The City Pub Group plc. Jane Glancy, Matthew Hamilton-Foyn of Allen & Overy acted as legal advisor to a consortium of banks on the refinancing of existing facilities for Young & Co.’s Brewery plc. Francis North, Erik Anderson and Sarah Dick of Stifel Nicolaus Europe Limited acted as financial advisor to Young & Co.'s Brewery, P.L.C.
Young & Co.'s Brewery, P.L.C. (AIM:YNGA) completed the acquisition of The City Pub Group plc (AIM:CPC) from Unicorn Asset Management Ltd., Canaccord Genuity Asset Management Limited, Gresham House Asset Management Limited, and Otus Capital Management Limited on March 4, 2024.