The Trustee has noted the formal cash offer made by EP Corporate Group for IDS (the parent company for Royal Mail Group), which the IDS Board have recommended to shareholders. The Trustee also notes the terms and conditions attached to the agreement and is reviewing these, in detail, with its advisers.
Please be assured that there is no change to your benefits and there is no action that you need to take.
The Trustee’s priority is to ensure that members’ interests are protected and we are actively engaging with IDS, and taking independent advice to understand any implications for the Plan. We now look forward to a constructive dialogue with the bidder.
