Apollo offers 65 pence in cash per share for Restaurant Group

The boards of directors of Rock BidCo Limited, a special purpose vehicle indirectly owned by the Apollo Funds, managed by affiliates of Apollo Global Management (APO), and The Restaurant Group plc (RSTGF) announce that they have reached agreement on the terms and conditions of a recommended all cash acquisition by Bidco of the entire issued, and to be issued, ordinary share capital of TRG. It is intended that the Acquisition will be implemented by way of a Court-sanctioned scheme of arrangement under Part 26 of the 2006 Act. Under the terms of the acquisition, each TRG shareholder will be entitled to receive for each Scheme Share held 65 pence in cash.