July 23, 2009
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.
TORONTO: At the request of the UK Takeover Panel, Teachers' confirms that it made a preliminary approach, through Teachers' private investment arm Teachers' Private Capital, to Simon Nixon, Moneysupermarket.com's majority shareholder, in relation to a possible offer for Moneysupermarket.com.
Teachers' has no current intention of making an offer for Moneysupermarket.com.
For the purposes of Rule 2.8 of The City Code on Takeovers and Mergers, Teachers' reserves the right to make or participate in an offer or possible offer for Moneysupermarket.com within the six months following the date of this announcement in the event that: an agreement or recommendation from the Board of Moneysupermarket.com is forthcoming; there is an announcement of an offer or possible offer by a third party for Moneysupermarket.com; or there is a material change of circumstances.
With CDN$17 billion in invested and committed capital, Teachers' Private Capital is one of the world's largest private equity investors. Teachers' Private Capital is the private investment arm of the CDN$108.5-billion Ontario Teachers' Pension Plan, the largest single-profession pension plan in Canada. The Ontario Teachers' Pension Plan is an independent corporation responsible for investing the fund and administering the pensions of Ontario's 278,000 active and retired teachers.
Director, Communications and Media Relations
Ontario Teachers' Pension Plan