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. 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. Futureâs strategy is to expand its global reach through organic growth, acquisitions and strategic partnerships. Future Plc, the global platform for specialist media, is planning to acquire the entire issued and to be issued share capital of GoCo Group plc, the parent company of GoCompare, an insurance and utility comparison service launched in 2006.According to the publishing house, the combination of the two companies will address the consumer demand for ⦠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 has a market capitalisation of £1.9bn. The acquisition was announced on 25 November 2020. owner GoCo Group PLC (LON:GOCO). 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. GoCo directors intend to recommend shareholders vote in favour of the deal, as do Future's directors. GoCo shareholders will own around 19% of the combined group. 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. 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. 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. Goco Group PLC, formerly Gocompare.com Group plc, is a holding company. 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 Slaughter and May advised GoCo Group plc on the deal, while Ashurst advised Goldman Sachs and Numis Securities. Its segments include Insurance and Strategic Initiatives. That represents a ⦠RNS Number: 5278 H Goco Group PLC 04 December 2020 FORM 8. Future, which also published results for the 12 months to end-September 2020 that were ahead of expectations, said shareholders in its fellow FTSE 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. Form 8 (OPD) Future/GoCo Group 15:34:22 04 Dec 2020 - FUTURE PLC - News article - Regulatory News Service 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. Magazine publisher Future has added insurance comparison firm GoCo Group to its shelves in a deal worth nearly £600m.. The acquisition was announced on 25 November 2020. 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. 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. Our Story. 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. (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. 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. 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 ⦠31 st December 2020 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 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. Media group Future to buy GoCo Group . GOCO GROUP PLC GOCO Company page - Search stock, chart, recent trades, company information, trading information, company news, fundamentals 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⦠GoCo Group plc by Future plc to be effected by means of a Scheme of Arrangement under Part 26 of the Companies Act 2006 Satisfaction of Regulatory Condition On 25 November 2020, the Boards of Future plc ("Future") and GoCo Group plc ("GoCo Group") announced that they had reached an agreement on the terms of a recommended acquisition of the 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. 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 ⦠For a trust, the trustee(s), settlor and beneficiaries must be named. 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. ... to empower them to Communicate with the world and Connect to the future. The deal will mean GoCo shareholders will own 19% of the combined group. Under the terms of the deal, GoCo shareholders will receive 0.052497 new Future shares and 33p in cash for each of their shares. 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