17th Nov 2025 09:37
DCC PLC - Dublin-based provider of sales, marketing and distribution services to the energy sector - Proposes GBP600 million return to shareholders, following the sale of its Healthcare arm. The return will come in the form of a tender offer for shares. DCC will buy back just under 12.0 million shares, some 12% of its total. The price will be set as part of the tender offer within a range of GBP50.20 to GBP53.20 per share. "DCC has concluded that a tender offer represents the most effective means of returning a significant amount of capital to shareholders in a short space of time and in a manner that provides shareholders with a suitable degree of optionality as to the number and value of shares that they may elect to offer for purchase," it says.
DCC completed the GBP1.05 billion sale of DCC Healthcare in September and at the time said it will return GBP800 million to shareholders. DCC started a GBP100 million share buyback in May. The remaining GBP100 million will be paid out in about two years, once DCC has received the final deferred payment from the health unit disposal.
Current share price: 5,020.00 pence
12-month change: down 10%
By Jeremy Cutler, Alliance News reporter
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