Harworth Group PLC (HWG), the land and property regeneration business, has been formally delisted from the London Stock Exchange's Main Market with effect from 8.00 a.m. on 12 November 2026, marking the conclusion of a recommended cash takeover by Peel Pepper (UK) Limited, a company indirectly wholly-owned by Peel Holdings Group Limited. The Best and Final Offer, priced at 187 pence per Harworth share, closed for acceptances on 10 November 2026 and is no longer capable of being accepted. The cancellation of both the Official List listing and admission to trading confirms that Harworth has exited public markets entirely, ending its tenure as a quoted company on the LSE Main Market.

Key Points

  • Harworth Group PLC (HWG) — land and property regeneration company focused on the North of England and Midlands
  • Peel Pepper (UK) Limited, indirectly wholly-owned by Peel Holdings Group Limited, completed a recommended unconditional best and final cash offer for Harworth at 187 pence per share
  • The LSE listing and admission to trading were cancelled at 8.00 a.m. on 12 November 2026; the offer closed for acceptances on 10 November 2026
  • Investors should note that Harworth shares are no longer tradeable on any public market following the cancellation

Peel Pepper's 187p Best and Final Offer Terms and Timeline

The takeover was jointly announced by BidCo and Harworth on 25 September 2026, when the terms of an increased, recommended, best and final cash offer were confirmed at 187 pence per Harworth share. A formal offer document setting out the full terms was published on 2 October 2026. The offer was described as unconditional, and the announcement states it closed for acceptances on 10 November 2026, after which it became incapable of further acceptance. The acquiring vehicle, Peel Pepper (UK) Limited, is indirectly wholly-owned by Peel Holdings Group Limited, a substantial private property and infrastructure group.

Cancellation of Harworth's Official List Status and LSE Admission to Trading

Harworth had previously announced on 14 October 2026 that it had submitted formal requests to the Financial Conduct Authority to cancel its listing on the Official List, and to the London Stock Exchange for the cancellation of its admission to trading on the Main Market. The company confirms in this announcement that both cancellations took effect simultaneously at 8.00 a.m. on 12 November 2026. As a result, Harworth shares are no longer listed or tradeable on any regulated public market in the United Kingdom, completing the company's transition from a publicly quoted entity to private ownership under the Peel Holdings Group structure.

Advisers Involved in Harworth's Recommended Takeover Process

Harworth was advised throughout the transaction by Barclays as joint financial adviser and corporate broker, alongside Peel Hunt LLP in the same capacity. Allen Overy Shearman Sterling LLP acted as legal adviser to Harworth. FTI Consulting provided communications support. Both Barclays and Peel Hunt acted exclusively for Harworth in their respective roles and are each authorised and regulated by the Financial Conduct Authority. The involvement of these advisers reflects the scale and regulatory complexity of a Main Market delisting following a formal recommended cash offer under the UK Takeover Code framework.