Dealings in shares by a significant shareholder

RNS Number : 3352G

Kerry Group PLC

10 May 2011

 



news release

10 May, 2011

 

Dealings in shares by a significant shareholder

Kerry Group plc (the "Company") has today been informed that Kerry Co-Operative Creameries Limited ("KCC") has sold by way of placement 1,500,000 'A' Ordinary Shares of €0.125 each (the "Shares") in the Company.  The Shares were placed with institutional investors at a price of €28.25 per share by Davy and RBS Hoare Govett.

Following this transaction, KCC holds 40,067,612 'A' Ordinary Shares of €0.125 each in the Company, representing approximately 22.83% of the Company's issued share capital. As a result, Kerry Group plc's free float has increased to approximately 76.92% from 76.07%.

The KCC 'Regulatory Announcement' to the Irish Stock Exchange states that it has no plans to sell any of its remaining holding in the Company and that the sale proceeds of approximately €42m will be utilised primarily to repay borrowings.

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Contacts:

Media Frank Hayes, Director of Corporate Affairs Tel:  [phone]        Email: [e-mail] Kerry Web Site:  www.kerrygroup.com

Investor Relations Brian Mehigan, Chief Financial Officer Michael Ryan, Head of Investor Relations Tel: [phone]        Email: [e-mail]

 

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