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Share Name Share Symbol Market Type Share ISIN Share Description
Rank Group Plc LSE:RNK London Ordinary Share GB00B1L5QH97 ORD 13 8/9P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  6.00 3.77% 165.20 161.80 162.80 168.40 157.40 162.40 224,117 16:35:07
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 638.1 15.4 2.5 66.1 774

Rank Group PLC Relationship Agreement

19/04/2021 10:30am

UK Regulatory (RNS & others)


Rank (LSE:RNK)
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RNS Number : 8836V

Rank Group PLC

19 April 2021

LEI: 213800TXKD6XZWOFTE12

19 April 2021

The Rank Group Plc ('Rank' or the 'Company')

Reorganisation of Controlling Shareholders and Novation of Relationship Agreement

Rank announces that, following an internal reorganisation by its Controlling Shareholders (as defined under the Listing Rules) (the "Reorganisation"), with effect from 16 April 2021 Hong Leong Company (Malaysia) Berhad ("Hong Leong") will no longer be a Controlling Shareholder of the Company. Notwithstanding the Reorganisation, the total issued share capital of the Company held by the Controlling Shareholders remains unchanged at 56.1%.

Prior to the Reorganisation, Hong Leong was the ultimate parent company of Guoco Group Limited ("Guoco"). Following the Reorganisation, the ultimate parent company of Guoco is GuoLine Capital Assets Limited ("GuoLine"). Guoco holds a controlling interest in Rank via its wholly-owned subsidiary, Rank Assets Limited.

The Company, Hong Leong and Guoco entered into a relationship agreement on 10 November 2014 to govern the relationship between the Company and its Controlling Shareholders ("Relationship Agreement"). Further to the Reorganisation, Hong Leong, Guoco and the Company agreed to novate the Relationship Agreement such that, with effect from 16 April 2021, the parties to the Relationship Agreement are the Company, Guoco and GuoLine. The terms of the Relationship Agreement remain unchanged.

Ends

 
 Contacts:                             Tel: +44 1628 504 303 
  Rank                                  Tel: +44 1628 504 295 
  Sarah Powell - investor relations 
  David Williams - public affairs 
 Media Enquiries:                      Tel: +44 20 3727 1067 
  FTI Consulting LLP (PR adviser        Tel: +44 20 3727 1045 
  to Rank) 
  Edward Bridges 
  Alex Beagley 
 

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END

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(END) Dow Jones Newswires

April 19, 2021 05:30 ET (09:30 GMT)

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