DCC PLC
27 February 2002
DCC Plc
27 February 2002
Re: Brochure of Particulars
DCC plc ('DCC') re-issued 35,633 ordinary shares of EUR 0.25 each on 11 February
2002 in connection with the acquisition of 75% of TechnoPharm Limited
('TechnoPharm'). The total consideration paid for the 75% shareholding amounted
to EUR 8.3 million and was satisfied as to EUR 7.9 million in cash and EUR 0.4
million in ordinary shares.
As already announced on 11 February 2002, put and call options exist which will
permit DCC to increase its shareholding in TechnoPharm to 100% by 2004.
As dictated by the terms of the share purchase agreement, the re-issue price of
DCC's shares for the purposes of this transaction was EUR 11.35 per share, being
the average closing dealt price on the Irish Stock Exchange for the three
business days prior to 5 February 2002.
Application has been made to the Irish Stock Exchange and to the UK Listing
Authority for 35,633 Ordinary Shares of EUR 0.25 each to be re-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
re-admitted to trading. The shares rank pari passu in all respects with the
existing fully paid ordinary shares at the date of re-issue.
The shares re-issued had been held by the Company as treasury shares.
Copies of this announcement are available from the Registered Office of DCC plc
for fourteen days following the date of publication.
This information is provided by RNS
The company news service from the London Stock Exchange
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