https://www.cwu.org/ltb/ltb-087-25-ep-g ... confirmed/
LTB 087/25 - EP GROUP TAKEOVER CONFIRMED
No: 087/25
30th April 2025
TO: ALL POSTAL BRANCHES
Dear Colleague
EP GROUP TAKEOVER CONFIRMED
The purpose of this LTB is to confirm the takeover of Royal Mail Group has been completed with shareholders overwhelmingly voting to accept the offer document.
The CWU has responded with the attached press release/statement. We are asking branches to distribute this immediately to all representatives and workplaces.
We understand there is still likely to be a further four-week period before the current board resign and EP Group are in place to actually run the company. We also understand this extended period is due to the current board fulfilling their final fiduciary responsibilities.
The next steps for the CWU will be to send to members home addresses an extensive communication explaining the terms of the CWU/EP Agreement and updating members on the USO. This will be timed towards the end of May and will be part of a series of communications to launch the new agreement.
Finally, we will also be issuing a rep’s brief within the next week on the terms of the agreement and the work we all need to do to ensure it is fully implemented.
Any enquiries on the above should be addressed to the GS Department dlynch@cwu.org.
Yours sincerely
DAVE WARD
GENERAL SECRETARY
MARTIN WALSH
DEPUTY GENERAL SECRETARY (POSTAL)
PRESS RELEASE
CWU STATEMENT ON EP GROUP TAKEOVER OF ROYAL MAIL
Responding to the news that EP Group are the new owners of Royal Mail, CWU General Secretary Dave Ward said: “Today represents a pivotal moment in the history of Royal Mail – one of our country’s most iconic and important companies.
“We now have confirmation that EP Group, led by Daniel Kretinsky, will be the new owners.
“This is a development that many will greet with scepticism and uncertainty. But the truth is that the biggest threat to the future of our postal services is the status quo.
“The current Royal Mail Group Board have destroyed the service, turned on their own employees and grossly mismanaged the company from top to bottom.
“The CWU have reached a groundbreaking agreement with EP Group that provides the platform for a fresh start and the rebuilding of Royal Mail.
“We will use the coming weeks and months to put the commitments contained within the agreement fully to the test.
“We will not hesitate to challenge EP Group if they do not fulfil their obligations to postal workers and customers.
“We will also ensure the government are fully engaged in this immediate process and the future strategy of the company in line with the separate agreement they have reached with EP Group.
“Royal Mail is a key part of the UK’s infrastructure and must be treated as such by politicians.”
ENDS
ANNOUNCEMENT : ALL OF ROYAL MAIL'S EMPLOYMENT POLICIES (AGREEMENTS) AT A GLANCE (Updated 2021)... HERE
ANNOUNCEMENT : PLEASE BE AWARE WE ARE NOT ON FACEBOOK AT ALL!
LTB 087/25 - EP GROUP TAKEOVER CONFIRMED
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POSTMAN
- SITE ADMINISTRATOR
- Posts: 32585
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LTB 087/25 - EP GROUP TAKEOVER CONFIRMED
I Wrote-During Covid-Which is still relevant now
It's good to get these types of threads, the ridiculous my manager said bollox, so we can reassure ourselves that while the world is falling apart, Royal Mail managers are still being the low-life C***S they have always been.
My BFF Clash
The daily grind of having to argue your case with an intellectual pigmy of a line manager is physically and emotionally draining.
It's good to get these types of threads, the ridiculous my manager said bollox, so we can reassure ourselves that while the world is falling apart, Royal Mail managers are still being the low-life C***S they have always been.
My BFF Clash
The daily grind of having to argue your case with an intellectual pigmy of a line manager is physically and emotionally draining.
-
POSTMAN
- SITE ADMINISTRATOR
- Posts: 32585
- Joined: 07 Aug 2006, 03:19
- Gender: Male
Re: LTB 087/25 - EP GROUP TAKEOVER CONFIRMED
https://www.myroyalmail.com/news/2025/04/takeover-ids
Today marks a significant moment in the history of IDS, Royal Mail and GLS.
EP Group has confirmed that it is officially the new owner of IDS. Shareholders holding 80.06% of IDS shares have accepted the offer meaning the takeover has today become unconditional. IDS will now be delisted from the London Stock Exchange, which is expected to take 20 working days.
EP Group is a long-term investor that believes IDS has the potential to become one of the leading postal logistics groups in Europe. They also recognise that this will require successful transformation, modernisation (including Universal Service reform for Royal Mail), investment in out-of-home solutions and a clear focus on growth.
The EP team are looking forward to getting to know our company in more detail and you will hear from them in the coming weeks once delisting is complete.
At delisting, certain members of EP Group are expected to be appointed as non-executive directors of IDS and the existing IDS Board, chaired by Keith Williams, is expected to stand down. Further announcements on the new IDS Board will be made in due course and we will keep you updated.
As set out previously, Martin Seidenberg will remain as Group CEO of IDS and Michael Snape will continue as Group CFO. Emma Gilthorpe will continue in her role as CEO of Royal Mail and Karl Pfaff will continue as CEO of GLS.
At times it may have felt like a long process. Thank you for your patience and hard work during this time.
This is an exciting moment for all of us. We can now look forward to growing the Royal Mail and GLS businesses and realising further the potential of the IDS Group.
Thank you again and you will hear more from Daniel Křetínský and IDS CEO, Martin Seidenberg following the delisting.
Today marks a significant moment in the history of IDS, Royal Mail and GLS.
EP Group has confirmed that it is officially the new owner of IDS. Shareholders holding 80.06% of IDS shares have accepted the offer meaning the takeover has today become unconditional. IDS will now be delisted from the London Stock Exchange, which is expected to take 20 working days.
EP Group is a long-term investor that believes IDS has the potential to become one of the leading postal logistics groups in Europe. They also recognise that this will require successful transformation, modernisation (including Universal Service reform for Royal Mail), investment in out-of-home solutions and a clear focus on growth.
The EP team are looking forward to getting to know our company in more detail and you will hear from them in the coming weeks once delisting is complete.
At delisting, certain members of EP Group are expected to be appointed as non-executive directors of IDS and the existing IDS Board, chaired by Keith Williams, is expected to stand down. Further announcements on the new IDS Board will be made in due course and we will keep you updated.
As set out previously, Martin Seidenberg will remain as Group CEO of IDS and Michael Snape will continue as Group CFO. Emma Gilthorpe will continue in her role as CEO of Royal Mail and Karl Pfaff will continue as CEO of GLS.
At times it may have felt like a long process. Thank you for your patience and hard work during this time.
This is an exciting moment for all of us. We can now look forward to growing the Royal Mail and GLS businesses and realising further the potential of the IDS Group.
Thank you again and you will hear more from Daniel Křetínský and IDS CEO, Martin Seidenberg following the delisting.
- The 360p cash payment and 8p special dividend will be paid to ordinary shareholders within 14 days (by 14 May 2025) for those who accepted the offer by 30 April 2025. For more details you can view the Q&A here. https://www.myroyalmail.com/sites/defau ... _FINAL.pdf
- You can view a video message from Martin here (Transcript below) and use this WTLL to brief your team. https://www.myroyalmail.com/sites/defau ... INAL_0.pdf
- The announcement to the stock market can be read here. https://www.internationaldistributionse ... -container
I Wrote-During Covid-Which is still relevant now
It's good to get these types of threads, the ridiculous my manager said bollox, so we can reassure ourselves that while the world is falling apart, Royal Mail managers are still being the low-life C***S they have always been.
My BFF Clash
The daily grind of having to argue your case with an intellectual pigmy of a line manager is physically and emotionally draining.
It's good to get these types of threads, the ridiculous my manager said bollox, so we can reassure ourselves that while the world is falling apart, Royal Mail managers are still being the low-life C***S they have always been.
My BFF Clash
The daily grind of having to argue your case with an intellectual pigmy of a line manager is physically and emotionally draining.
-
POSTMAN
- SITE ADMINISTRATOR
- Posts: 32585
- Joined: 07 Aug 2006, 03:19
- Gender: Male
Re: LTB 087/25 - EP GROUP TAKEOVER CONFIRMED
Message from Martin Seidenberg
Hello everyone. After just over a year since EP Group made an offer of our company, it's been confirmed today that they are the new owner of IDS. The company will now be delisted from the London Stock Exchange, which is expected to take 20 working days.
This marks a significant moment in the history of IDS Royal Mail and GLS EP Group is a long-term investor that believes IDS has the potential to become one of the leading postal logistics groups in the UK and across Europe.
They also recognise that to be successful, both businesses will require successful transformation investment in outer home, and a clear focus on growth as well as universal service reform for Royal Mail.
I know the EP team are looking forward to getting to know you and our company overall in more detail, and you'll hear from them in the coming weeks.
At delisting. The new IDS board is expected to be appointed with me as group CEO and Michael Snape as group CFO, Emma GI and Kafa will also continue as CEOs of Royal Mail MTLS.
So the message is let's all continue pushing forward with our ambitious plans. I know at times it may have felt like a long process.
Thank you for your patience and hard work during this time. This is an exciting moment for all of us.
We can now look forward to growing the Royal Mail and GLS businesses and realizing further the potential of the IDS group.
Thank you again, and you will hear more from Daniel Kretinsky and me following the delisting. Thank you very much.
Hello everyone. After just over a year since EP Group made an offer of our company, it's been confirmed today that they are the new owner of IDS. The company will now be delisted from the London Stock Exchange, which is expected to take 20 working days.
This marks a significant moment in the history of IDS Royal Mail and GLS EP Group is a long-term investor that believes IDS has the potential to become one of the leading postal logistics groups in the UK and across Europe.
They also recognise that to be successful, both businesses will require successful transformation investment in outer home, and a clear focus on growth as well as universal service reform for Royal Mail.
I know the EP team are looking forward to getting to know you and our company overall in more detail, and you'll hear from them in the coming weeks.
At delisting. The new IDS board is expected to be appointed with me as group CEO and Michael Snape as group CFO, Emma GI and Kafa will also continue as CEOs of Royal Mail MTLS.
So the message is let's all continue pushing forward with our ambitious plans. I know at times it may have felt like a long process.
Thank you for your patience and hard work during this time. This is an exciting moment for all of us.
We can now look forward to growing the Royal Mail and GLS businesses and realizing further the potential of the IDS group.
Thank you again, and you will hear more from Daniel Kretinsky and me following the delisting. Thank you very much.
I Wrote-During Covid-Which is still relevant now
It's good to get these types of threads, the ridiculous my manager said bollox, so we can reassure ourselves that while the world is falling apart, Royal Mail managers are still being the low-life C***S they have always been.
My BFF Clash
The daily grind of having to argue your case with an intellectual pigmy of a line manager is physically and emotionally draining.
It's good to get these types of threads, the ridiculous my manager said bollox, so we can reassure ourselves that while the world is falling apart, Royal Mail managers are still being the low-life C***S they have always been.
My BFF Clash
The daily grind of having to argue your case with an intellectual pigmy of a line manager is physically and emotionally draining.
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clashcityrocker
- Posts: 16214
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Re: LTB 087/25 - EP GROUP TAKEOVER CONFIRMED
Who's he?
The societies of consumption and squandering of material resources are incompatible with the idea of economic growth and a clean planet.
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Wullie10
- EX ROYAL MAIL
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Re: LTB 087/25 - EP GROUP TAKEOVER CONFIRMED
He's the nice guy. They always have a nice one.
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Ady128
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Re: LTB 087/25 - EP GROUP TAKEOVER CONFIRMED
He’s your current CEO!
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Bellaber
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Re: LTB 087/25 - EP GROUP TAKEOVER CONFIRMED
If you hold shares in sip when do you get them paid please
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Jefferson Starfish
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- Location: Greendale DO
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Bellaber
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Re: LTB 087/25 - EP GROUP TAKEOVER CONFIRMED
So three weeks many thanks