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LONDON - International Distribution Services plc (IDS) has been officially removed from the London Stock Exchange (LON:LSEG)’s Main Market for listed securities, effective as of 8:00 a.m. today, following a successful takeover by EP UK Bidco Limited. The de-listing comes after the Financial Conduct Authority canceled the listing on the equity shares category of the Official List.
The restructuring of IDS also extends to its board, with several non-executive directors, including Keith Williams, Sarah Hogg, Maria de Cunha, Michael Findlay, Lynne Peacock, Shashi Verma, Jourik Hooghe, and Ingrid Ebner, resigning from their positions this morning. These departures have been accepted by IDS, paving the way for new appointments from EP UK Bidco Limited, the acquiring entity owned indirectly by EP Group and J&T Capital Partners (WA:CPAP).
Despite the board’s significant changes, the current Chief Executive Officer, Martin Seidenberg, and Chief Financial Officer, Michael Snape, will retain their roles and remain as members of the IDS Board. The exact details of the incoming non-executive directors from EP Group, referred to as the EP Representatives, and the appointment of additional independent non-executive directors will be disclosed in a subsequent announcement.
This corporate maneuver follows the initial announcement of the takeover made on April 30, 2025, and is part of a broader strategy outlined in the offer document published by EP UK Bidco Limited on June 26, 2024. The document is available on the IDS website for reference.
The information for this article is based on a press release statement.
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