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Partnership Assurance, Just Retirement merger completes

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Partnership Assurance, Just Retirement merger completes

JustRetirement Group Plc said April 4 that its with tookeffect on April 1 and the entire issuedshare capital of Partnership Assurance is now owned by Just Retirement.

Eligible shareholders will receive 0.834 new Just Retirementshare for each share held in the scheme of arrangement for the merger.

All Partnership Assurance shares will be delisted, while368,376,421 new shares of Just Retirement will be admitted to, the premiumlisting segment of the official list of the U.K. Financial Conduct Authoritywith effect from April 4.

The cancellation and admission to trading of the shares onthe London Stock Exchange as part of this deal will also take effect April 4.

Just Retirement at the same time announced the appointmentsof David Richardson as deputy group CEO, Chris Gibson-Smith aschairman of the board and of other nonexecutive directors Paul Bishop, PeterCatterall, Ian Cormack and Clare Spottiswoode, effective as of the admission ofnew shares.

The company also said that Shayne Deighton and Kate Averywill step down from the board of Just Retirement, effective the same day.