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Completion of Acquisition

2nd Jun 2014 12:38

RNS Number : 6002I
RPC Group PLC
02 June 2014
 



THIS ANNOUNCEMENT (AND THE INFORMATION CONTAINED HEREIN) IS NOT FOR RELEASE, PUBLICATION, DISTRIBUTION OR FORWARDING, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

FOR IMMEDIATE RELEASE

2 June 2014

RPC Group Plc

("RPC" or the "Company")

Completion of the acquisition of ACE Corporation Holdings Limited

RPC, an international rigid plastic packaging supplier to the food and non-food, consumer and industrial markets is pleased to announce the completion of the acquisition of ACE Corporation Holdings Limited ("ACE"), details of which were announced on 1 May 2014, following a receipt of the German competition law approval and the fulfillment of other outstanding conditions (the "Acquisition").

As part of the Acquisition, a total of 8,509,841 Consideration Shares have been issued and Admission of the Consideration Shares has taken place today at 8.00 a.m. RPC's enlarged issued ordinary share capital immediately following the issue of the Consideration Shares is 187,583,702 ordinary shares. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest, or a change to their interest, in the share capital of the Company under the Disclosure and Transparency Rules.

A prospectus and circular relating to the Consideration Shares and the Acquisition was published on 1 May 2014 and is available on www.rpc-group.com.

Pim Vervaat, Chief Executive of RPC, commented:

"We are delighted to complete the acquisition of ACE and to welcome our new colleagues into RPC. This is an important step in the implementation of our Vision 2020 strategy. We are excited to continue ACE's development and to support our customers in the Far East through this acquisition going forward."

For further information, please contact:

RPC Group Plc:

+44 (0)1933 410064

Pim Vervaat, Chief Executive

Simon Kesterton, Group Finance Director

Rothschild - Financial Adviser and Sponsor:

+44 (0)20 7280 5000

Charles Montgomerie

Yuri Shakhmin

FTI Consulting:

+44 (0)20 3727 1340

Richard Mountain

Nick Hasell

ENDS

This announcement is not directed to, or intended for distribution to or use by, any person or entity that is a citizen or resident or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation. This announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in any country, state, territory or jurisdiction. The Consideration Shares referred to herein (including by reference) have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the ''Securities Act''), or under the securities legislation of any state or territory or jurisdiction of the United States and may not be offered, sold, taken up, exercised, resold, renounced, transferred or delivered, directly or indirectly, in or into the United States except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any relevant state securities laws. There will be no public offer of Consideration Shares mentioned herein (including by reference) in any country, state, territory or jurisdiction.

Rothschild, which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority in the United Kingdom is acting solely for the Company in relation to the Acquisition and nobody else and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Rothschild nor for providing advice in relation to the Acquisition or any other matter referred to in this announcement. Apart from the responsibilities and liabilities, if any, which may be imposed upon Rothschild, by the Financial Services and Markets Act 2000 or the regulatory regime established thereunder, Rothschild does not accept any responsibility whatsoever or makes any representation or warranty, express or implied, concerning the contents of this announcement, including its accuracy, completeness or verification, or concerning any other statement made or purported to be made by it, or on its behalf, in connection with the Company, or the Acquisition, and nothing in this announcement is, or shall be relied upon as, a promise or representation in this respect, whether as to the past or future. Rothschild accordingly disclaims, to the fullest extent permitted by law, all and any responsibility and liability whether arising in tort, contract or otherwise (save as referred to herein) which it might otherwise have in respect of this announcement or any such statement.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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