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LONDON - International Distribution Services plc (IDS), following a successful acquisition bid by EP UK Bidco Limited, has declared a special dividend of 8 pence per share. This announcement comes after Bidco, a company indirectly owned by EP Group and J&T Capital Partners (WA:CPAP), confirmed the unconditional status of its offer to acquire IDS.
Shareholders who are registered by the end of the day on April 30, 2025, will be eligible to receive the dividend. The ex-dividend date is set for May 2, 2025, with the payment to be distributed on May 14, 2025. The special dividend was initially outlined as conditional upon the offer’s completion in the offer document released on June 26, 2024.
The acquisition of IDS by Bidco was first announced on May 29, 2024, when both companies’ boards agreed to the terms of the recommended cash offer. The offer aimed to acquire all issued and to be issued share capital of IDS, excluding shares owned or controlled by VESA Equity Investment S.à r.l.
The declaration of the special dividend is a key step in the acquisition process, marking the fulfillment of a condition set forth in the offer document. Shareholders of IDS are advised to consult the document for further details regarding the special dividend.
This financial update is based on a press release statement from International Distribution Services plc.
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