C&C Group Plc
19 May 2004
19 May 2004
GLOBAL OFFER OF C&C GROUP PLC
Announcement of Admission
C&C Group plc, one of the largest manufacturers, marketers and distributors of
branded beverages in Ireland and Northern Ireland and savoury snacks in Ireland,
today announces that its ordinary share capital has been admitted to the
Official Lists of the Irish Stock Exchange and the UK Listing Authority and that
trading and unconditional dealings in its ordinary shares have commenced.
For further information
Citigroup + 44 20 7986 4000
Michael Lavelle
Tim Harvey-Samuel
Iain Robertson
Goldman Sachs International + 44 20 7774 1000
Tim Bunting
Phil Raper
Basil Geoghegan
Drury Communications + 353 1 260 5000
Paddy Hughes
Mark Cahalane
Billy Murphy
Finsbury Group + 44 20 7251 3801
Edward Orlebar
Julius Duncan
Abigail Irving-Bell
Notes to Editors
The Group's head office is located in Dublin with its principal manufacturing
and distribution facilities located in Clonmel, Cork, Dublin and Newcastle West
in Ireland. The Group had an average of 2,003 employees for the year to 29
February 2004.
The Group divides its operating activities into three divisions - Alcohol,
International Spirits and Liqueurs, and Soft Drinks and Snacks. 72 per cent. of
Group's turnover from continuing operations in the financial year 2004 was
generated in Ireland, 18 per cent. from the United Kingdom including Northern
Ireland, and 10 per cent. from the rest of the world. The Alcohol Division, the
International Spirits and Liqueurs Division and the Soft Drinks and Snacks
Division accounted for 57 per cent., 10 per cent., and 33 per cent. of the
Group's turnover from continuing operations in the financial year 2004,
respectively.
The Group's portfolio comprises several of Ireland's most recognised beverage
and savoury snacks brands, including the leading cider brand, four of the top
five soft drinks and bottled water brands and the leading savoury snack brand.
Key brands such as Bulmers, Ballygowan, Club Orange and Tayto hold number one
brand market positions in Ireland.
The Group was formerly known as Cantrell & Cochrane and was established in 1968
when Allied Breweries and Guinness Ireland merged their Irish soft drink and
cider interests. Subsequently, Allied Domecq acquired full ownership of Cantrell
& Cochrane in July 1998 when it purchased Guinness Ireland's interest. Funds
advised by BC Partners, along with co-investors and management acquired the
Group from Allied Domecq in a leveraged buy-out in January 1999.
Citigroup, Goldman Sachs International, Davy, IBI Corporate Finance and Deutsche
Bank and their respective affiliates are acting for the C&C Group (the
"Company") in relation to the Global Offer and no one else, and will not be
responsible to anyone other than the Company for providing the protections
offered to their respective clients nor for providing advice in relation to the
Global Offer.
No offer or invitation to acquire shares in the Company is being made by or in
connection with this announcement. Any such offer will be made solely by means
of the listing particulars dated 14 May 2004 and any acquisition of shares
should be made solely on the basis of the information contained in such document
and any supplements thereto. The value of shares can go down as well as up. Past
performance is not a guide to future performance. Persons needing advice should
consult a professional adviser.
This announcement does not contain or constitute an offer of securities for sale
in the United States. The Ordinary Shares have not been, and will not be,
registered under the US Securities Act of 1933, as amended (the "Securities
Act") and the Ordinary Shares may not be offered or sold in the United States
absent registration or an exemption from registration. There will be no public
offering of the Ordinary Shares in the United States.
This announcement and the information contained herein are not for publication,
distribution or release in, or into, the United States, Canada, Australia or
Japan.
Stabilisation/FSA.
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.