On 15 November 2019, the boards of Carpetright and MHL announced that they had reached agreement on the terms of a recommended cash acquisition pursuant to which MHL would acquire the entire issued and to be issued ordinary share capital of Carpetright (save for the Excluded Shares) (the Acquisition"). As the Scheme has now become effective, Carpetright announces that its non-executive directors, Bob Ivell, Jemima Bird, Pauline Best and David Clifford, have tendered their resignations and will step down from the Board effective from 23 January 2020.