Homeserve (UK): Scheme of Arrangement 

Informative Notice

FTSE Russell notes the announcement by Homeserve (UK, BYYTFB6, FTSE 100 Index, GEIS Mid Cap Index) in relation to the scheme of arrangement to effect the cash acquisition by Hestia Bidco, whereby shareholders will receive GBP 12 for each share held. The company have stated that all substantive regulatory conditions pertaining to the acquisition have been satisfied, including shareholder approval, and the scheme timetable states that the Court Hearing is expected to take place on Wednesday 21 December 2022, followed by the suspension of dealings in Homeserve on Wednesday 04 January 2023, subject to consent of the Court.

Based on the current timetable, FTSE Russell anticipates the following treatment:

Wednesday 28 December 2022 (at market close):

The FTSE 100 Index replacement (and associated index changes) will be ranked using closing prices, with the changes being announced on the same evening to ensure two full trading days' notice are provided (noting the half day of trading on 30 December 2022).

Friday 30 December 2022:

London Stock Exchange will observe half day trading.

Monday 02 January 2023:

London Stock Exchange market holiday.

Wednesday 04 January 2023 (from the open):

Suspension of dealings in Homeserve.

Homeserve will be deleted from FTSE Russell indices. The replacement within the FTSE 100 Index (and associated index changes) will become effective, as notified in advance.

FTSE Russell will continue to monitor for updates and issue further notices in due course.