Future said that the combination will significantly strengthen the Future Groupâs proposition of seeking to address the growing consumer demand for informed and value driven purchasing decisions enabled by intent driven content and that it provides a unique opportunity to capitalise on the combination of Futureâs audience insight with GoCoâs expertise in price comparison ⦠GoCo Group Plc shareholder Polygon Global Partners LLP plans to vote against a takeover of the price-comparison company by the publisher Future Plc. Future, which also published results for the 12 months to end-September 2020 that were ahead of expectations, said shareholders in its fellow FTSE Under the terms of the acquisition, each GoCo Group shareholder will be entitled to receive 0.052497 Future shares and 33p in cash for each GoCo Group share. ... GoCo Group⦠Investors in GoCo Group, the parent company of GoCompare, will receive 33p in cash and 0.05 shares in Future, valuing each GoCo share at 136p. Jefferies analyst Giles Thorne said a counterbid from within the sector could not be ruled out, but that the backing from Wood was âa huge plank of support for Futureâs ambitionsâ. Future has a market capitalisation of £1.9bn. 31 st December 2020 Under the terms of the deal, GoCo shareholders will receive 0.052497 new Future shares and 33p in cash for each of their shares. Futureâs strategy is to expand its global reach through organic growth, acquisitions and strategic partnerships. Goco Group PLC, formerly Gocompare.com Group plc, is a holding company. Future has mounted a cash-and-shares takeover of GoCo Group to bolster its strategy of linking its vast readership of specialist titles with digital advertisers and online retailers. (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. Magazine publisher Future has added insurance comparison firm GoCo Group to its shelves in a deal worth nearly £600m.. Niche magazine group Future has made an offer to buy GoCompare in a cash and shares deal that values the price comparison website at £594m. The acquisition was announced on 25 November 2020. British publisher Future PLC agreed to buy GoCo Group, the owner of Go Compare, one of Britain's leading price comparison sites for financial products, in a deal valued at 594 million pounds ($792.87 million), the companies announced on Wednesday. PUBLIC DEALING DISCLOSURE BY A PARTY TO AN OFFER OR PERSON ACTING IN CONCERT. form 8 (opd) public opening position disclosure by a party to an offer. ... to empower them to Communicate with the world and Connect to the future. Future plc has today separately announced that it has agreed the terms of a recommended offer to acquire the entire issued and to be issued share capital of GoCo Group plc. Profile GoCompare and Future: who are they? Slaughter and May is advising GoCo Group plc on the recommended acquisition of its entire issued and to be issued share capital by Future plc, a leading global platform for specialist media which is listed on the London Stock Exchange. Plexure Group lists on ASX after raising A$30 million in private placement; Hexagon Energy Materials shifts gears to focus on clean energy Pedirka Hydrogen Project Its segments include Insurance and Strategic Initiatives. Future announces record full year results â and a bid for GoCo Group Future Plc yesterday published results for the year end 30 September 2020 which are, says the company, ahead of expectations. Future said the deal âwill significantly strengthen the Future Groupâs proposition of seeking to address the growing consumer demand for informed and value driven purchasing decisions enabled by intent driven contentâ. For a trust, the trustee(s), settlor and beneficiaries must be named. GoCo was spun out of eSure four years ago, an insurance group founded by Wood. The acquisition values GoCo group at c.£594 million, with consideration to be paid as a mix of cash and new shares in Future. GOCO GROUP PLC GOCO Company page - Search stock, chart, recent trades, company information, trading information, company news, fundamentals Since GoCo Groupâs share price is quite volatile, this could mean it can sink lower (or rise even further) in the future, giving us another chance to invest. Slaughter and May advised GoCo Group plc on the deal, while Ashurst advised Goldman Sachs and Numis Securities. Form 8 (OPD) Future/GoCo Group 15:34:22 04 Dec 2020 - FUTURE PLC - News article - Regulatory News Service Founded by insurance tycoon Sir Peter Wood, GoCo Group is best known for Go Compare, a popular comparison site specialising in motor, property and health insurance. RNS Number: 5278 H Goco Group PLC 04 December 2020 FORM 8. Future Buys Price Comparison Company GoCompare for $794 Million (Bloomberg) -- Specialist magazine and website publisher Future Plc agreed to buy GoCo Group Plc to accelerate a push into digital commerce in a deal that values the price comparison site owner at 594 million pounds ($794 million).GoCo Group shareholders will own approximately 19% of the combined business, the ⦠GoCo directors intend to recommend shareholders vote in favour of the deal, as do Future's directors. GoCo Group PLC (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: (e) Date dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure. GoCo Group shareholders will receive 0.052497 new Future shares and 33 pence in cash, valuing each GoCo Group share at 136 pence, the companies said on Wednesday. Our Story. Together, we have the scale and resources to bring our vision to life, but also the agility to flex to the needs of our customers along the way. That represents a ⦠The acquisition was announced on 25 November 2020. GoCo shareholders will own around 19% of the combined group. The deal will mean GoCo shareholders will own 19% of the combined group. The Company's principal activity is providing an insurance price and product comparison Website. GoCo Group PLC (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: (e) Date dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure: 31 st December 2020 GoCo combines the strengths of market-leading providers. This is based on its high beta, which is a good indicator for how much the stock moves relative to the rest of the market. Media group Future to buy GoCo Group . owner GoCo Group PLC (LON:GOCO). 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