DIYWEEK.net

Wickes has announced the completion of the demerger of Wickes from Travis Perkins plc (“Travis Perkins”) following the General Meeting of Travis Perkins shareholders on 27 April who approved the demerger.

The shares of Wickes were admitted at 8.00am on 28 April to the premium listing segment of the Official List and to trading on the main market of the London Stock Exchange.

CREST accounts will be credited with Wickes shares shortly after 8.00am today. It is expected that Wickes shareholders with holdings in certificated form will be sent share certificates in respect of their holdings of Wickes shares in the week commencing 10 May 2021.

On Admission, Wickes' issued share capital consisted of 252,143,923 shares with a nominal value of £0.10 each and all Wickes shares carry voting rights of one vote per share. Wickes does not hold any shares in treasury.

David Wood, Chief Executive Officer of Wickes, commented: “Today marks a transformational moment for Wickes as we begin our journey as a standalone business. I am delighted with our performance in the last year. I would like to thank all my colleagues for their hard work, dedication and focus on delivering for our customers during such challenging times. We are well positioned to capitalise on the exciting growth opportunities we see in our markets while creating long-term value for all our stakeholders.

“I would like to extend my thanks to my colleagues at Travis Perkins. I am deeply appreciative of their support through this process, and wish them the very best for the exciting next chapter in their business.”