Split to happen on October 10
GUS shareholders have approved the demerger and public listing of its two businesses, Argos Retail Group (ARG) and Experian.

Under the demerger plan, GUS shareholders will receive one share in each of ARG and Experian for every GUS share held. In addition, Experian is expected to issue further shares to raise about£800 million in new capital.

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 have clear strategies for growth. We are delighted that our shareholders have given their support to the demerger.'

The ARG and Experian prospectuses are expected to be published on September 14. Dealings in GUS shares will be suspended on October 6, with the demerger becoming effective on October 10.

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