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UK P&I Club and TT Club win 89%+ backing for Thomas Miller deal
The clubs expect the acquisition to close in Q4 2026, pending regulatory approvals, via a joint offer through TMH Bidco.
UK P&I Club and TT Club have secured shareholder acceptances exceeding 89% for their joint offer to acquire Thomas Miller Holdings, the deal announced on 18 June 2026 through TMH Bidco, a special purpose vehicle set up for the transaction.
As part of the transition, two representatives from TMH Bidco are set to join Thomas Miller’s Board.
The acquisition is expected to be completed in Q4 2026, subject to required regulatory approvals, following a framework agreement that formally commits both clubs to a merger.
The clubs said the framework deal is expected to conclude on 20 February 2027, again contingent on all approvals, adding that the stronger than 89% support reflects confidence in their combined long term strategy and the goal of taking full ownership of Thomas Miller.