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UK DIY News

Travis Perkins Completes P&H Disposal

Flickr - Travis Perkins bags 51263993428_1f378af300_o

On 20 May 2021, Travis Perkins plc ("Travis Perkins" or the "Company") announced the disposal of its Plumbing & Heating distribution business to an affiliate of H.I.G. Capital for cash consideration of £325 million (the "P&H Disposal") and its intention to return the proceeds of such disposal to shareholders. 

Travis Perkins is pleased to announce that completion of the P&H Disposal occurred on 30 September 2021. In accordance with the announcement on 21 September 2021, Travis Perkins will distribute the net proceeds of the P&H Disposal to shareholders through a combination of a special dividend and a share buyback programme.

Learn more about the disposal and Travis Perkins PLC's recent financial performance in the stories below:

Travis Perkins: P&H Disposal Satisfied; Commences Share Buy-Back

Travis Perkins: Robust Half-Year Performance

Travis Perkins Announces Directorate Changes

Source : Travis Perkins PLC

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30 September 2021

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