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Link Administration Holdings Announces Sell Down by PEP and ICG Shareholders

08 Sep 2016  |  08:48:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Sell down by PEP Shareholders and ICG Shareholders

Link Administration Holdings referred to its announcement on 23 August 2016 notifying the market that the following the Company shares subject to escrow arrangements would be released from voluntary escrow on 7 September 2016. The Company has been informed that the PEP Shareholders and ICG Shareholders have each entered into a block trade agreement with an investment bank to sell all of their Shares which were released from escrow on 7 September 2016. On completion of the sale, the PEP Shareholders and ICG Shareholders will cease to hold any Shares. The Company Board will consider in due course the implications of the PEP Shareholders no longer being entitled to nominate any Directors to the Company Board. The Company Board will ensure an orderly transition of any change.

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