EGM at end of August
Retail conglomerate GUS has revealed the timetable for the proposed demerger of its Argos Retail Group (ARG) and Experian divisions.
An EGM to seek shareholder approval will be held on August 29. If approved, GUS group shares will cease trading on October 6 and the demerger will become effective on October 10.
Shares in the separate ARG and Experian businesses will commence trading on October 11.
GUS chairman Sir Victor Blank said: 'We believe this demerger will create further value for our shareholders by enabling them to invest directly in ARG and Experian, both of which will have clear strategies for growth.'
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