Dignity PLC Acquires Yew Holdings Limited and Placing of New Ordinary Shares

Dignity PLC (Dignity) announced that it has conditionally agreed to acquire the entire issued share capital of Yew Holdings Limited (Yew) for a total cash consideration of GBP 58.3 million on a debt-free-cash-free basis (the Acquisition). The Acquisition comprises 40 funeral locations and two crematoria located in the North of England. In addition, the Board announces a fully underwritten placing of 2,283,019 new ordinary shares (Placing Shares) in Dignity (the Placing) to raise approximately GBP 24.2 million before expenses. This together with GBP 39.8 million of new debt will be used to fund the Acquisition including approximately GBP 2.5 million of one off capital expenditure and all other transaction fees. The transaction does not adversely affect the timing or overall quantum of any potential future return of value by the Group to shareholders.