DCC PLC
9 October 2001
DCC Plc
09 October 2001
Re: Brochure of Particulars
DCC plc ('DCC') re-issued 138,040 ordinary shares of EUR 0.25 each on 28
September 2001 and 2,152 ordinary shares of EUR 0.25 each on 5 October 2001 in
connection with an increase in DCC's shareholding in Fannin Limited ('Fannin')
from 88% to 94%, through the exercise of a call option over 6% of Fannin's
share capital. The total consideration paid for the 6% shareholding amounted
to IR£2.580 million ( EUR 3.276 million) and was satisfied as to IR£1.581
million (EUR 2.007 million) in cash and IR£0.999 million (EUR 1.269 million)
in ordinary shares.
As already announced on 5 October 1998, put and call options exist which will
permit DCC to increase its shareholding in Fannin to 100% by 2002.
As dictated by the terms of the call option agreement, the issue price of
DCC's shares for the purposes of this transaction was the average mid bid/
offer market price on the Irish Stock Exchange for the five business days
prior to the completion date of 28 September 2001, being EUR 9.05 per share.
The shares re-issued had been held by the Company as treasury shares.
Application has been made to the Irish Stock Exchange and to the UK Listing
Authority for these shares to be admitted to the Official List of the Irish
Stock Exchange and the Official List of the UK Listing Authority, and to the
London Stock Exchange for such shares to be admitted to trading. The shares
rank pari passu in all respects with the existing fully paid ordinary shares
at the date of re-issue.
Copies of this Announcement are available from the Registered Office of DCC
plc for fourteen days following the date of publication.
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