Numis acted as Sole Financial Adviser & Corporate Broker.
After repeated rejections, M&G chose to go public with a hostile possible all-cash offer, which was later increased.
Numis advised the UKML board on sector matters and valuation, the intricacies of the M&A and Takeover Code processes and appropriate response tactics as well as driving the shareholder interaction to source perspectives.
The Board put in place a robust defence in the interests of shareholder value and, ultimately, M&G advised the market that it would not proceed to make a firm offer
This represents an excellent example of Numis bringing to bear its M&A expertise, sector knowledge and shareholder connectivity to provide robust advice to a Board in a testing situation.
"The UKML board found the astute M&A advice and sector and shareholder insight provided by Numis to be invaluable as it defended against these unsolicited approaches and hostile possible offers. The Numis team delivered expertly across multiple disciplines and supported the Board in a highly collegiate and collaborative manner”.
The largest corporate broker in the UK by number of listed clients
Capital raising specialists in services including IPOs, equity issuance and block trades
Providing M&A expertise through a full suite of bespoke advice and solutions
Expert debt advice focused on robust and efficient corporate solutions
Drawing from our experience to deliver strong outcomes at IPO
Enabling the world’s most ambitious private companies achieve their ambitions
We are the leading provider of in-depth, high quality research on UK listed companies
The largest, most experienced Sales Trading and Trading teams covering UK equities
Proactive advice combining in-depth research, distribution and execution