GUS, the retail and business services group, has posted documents to its shareholders regarding the demerger of its two remaining businesses, Argos Retail Group (ARG) and Experian.
The group has set October 10 as the date for the demerger to come into effect.
This will see both ARG - which owns Argos and Homebase - and Experian becoming independently listed on the London Stock Exchange. ARG will appear in the general retailing sector and Experian in the support services sector.
The demerger will result in GUS shareholders receiving one share in each of ARG and Experian for every GUS share they hold.
Immediately following the demerger, it is expected Nottingham-based Experian will issue further shares to raise £800 million of new capital.
An extraordinary general meeting of GUS shareholders seeking approval for the demerger will be held on August 29.
It is envisaged that dealings in GUS shares will cease on October 6, with the demerger becoming effective on October 10.
Shares in ARG and Experian will be up for trading starting the following day.