Key Developments: RPC Group PLC (RPC.L)

RPC.L on London Stock Exchange

503.00GBp
24 Dec 2014
Price Change (% chg)

-6.50p (-1.28%)
Prev Close
509.50p
Open
505.50p
Day's High
514.00p
Day's Low
499.20p
Volume
204,475
Avg. Vol
382,923
52-wk High
597.49p
52-wk Low
433.49p

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Latest Key Developments (Source: Significant Developments)

RPC Group plc declares interim dividend
Thursday, 27 Nov 2014 02:01am EST 

RPC Group plc:Declares interim dividend of 5.0p per share (2013: 4.5p).Will be paid on Jan. 16 to ordinary shareholders on the register at Dec. 5.  Full Article

RPC Group PLC proposes acquisition of Promens Group
Thursday, 27 Nov 2014 02:01am EST 

RPC Group PLC:Announces the proposed acquisition of Promens Group AS for a consideration of e386 million (307 million pound)1 on a cash-free, debt-free basis, subject to customary adjustments.Says the consideration to be paid for Promens represents a multiple of 6.8 times 2013 EBITDA2.Says RPC proposes to fund the consideration in part through a fully underwritten rights issue of up to 62,595,576 New Ordinary Shares at 320 pence each on the basis of 1 New Ordinary Share for every 3 Existing Ordinary Shares to raise about 200 million pound.Says the balance will be funded through RPC's existing RCF, which has been increased from 350 million pound to 490 million pound.  Full Article

RPC Group PLC to sell rigid sheet businesses
Thursday, 11 Sep 2014 02:00am EDT 

RPC Group PLC:Reached binding agreements to sell its rigid sheet businesses in Italy and Belgium for undisclosed sums.Transactions are expected to conclude towards end of Sept. 2014.Alongside recent sale of disposables trading business at Offenburg, these sales will represent conclusion of divestment programme within the 'Fitter for Future' business optimisation project.Other elements of 'Fitter for the Future' project continue to make good progress.  Full Article

RPC Group PLC recommends dividend
Wednesday, 4 Jun 2014 02:00am EDT 

RPC Group PLC:Recommends a final dividend of 0.11 pounds per share making a total for the year of 0.155 pounds (2013: 0.149 pounds).Payable on Sept. 5 to shareholders on the register on Aug. 8.  Full Article

RPC Group PLC completion of acquisition
Monday, 2 Jun 2014 07:38am EDT 

RPC Group PLC:Completes acquisition of ACE Corporation Holdings Limited.As part of the acquisition, total of 8,509,841 consideration shares have been issued and admission of the consideration shares has taken place.  Full Article

RPC Group PLC announces results of placing
Thursday, 1 May 2014 08:22am EDT 

RPC Group PLC:Says completion of placing announced earlier on May 01.Total of 12,500,000 new ordinary shares of five pence each in RPC have been placed by Deutsche Bank and Panmure Gordon at a price of 600 pence per Placing Share, raising gross proceeds of 75 mln pounds.Placing Shares being issued represent approximately 7.5 percent of Company's existing issued ordinary share capital.  Full Article

RPC Group PLC Proposes placing of about 13 mln new ordinary shares to raise about 75 mln pounds
Thursday, 1 May 2014 02:01am EDT 

RPC Group PLC:Says it is placing of about 13 mln new ordinary shares of 5 pence each in the company representing about 8 pct of the company's existing issued ordinary share capital.Placing is expected to raise 75 mln pounds and is being conducted through a bookbuilding process which will be launched immediately following this announcement.Proceeds of the placing will be used to part finance the acquisition of ACE Corporation Holdings Limited as announced earlier, for an initial consideration of about $301 mln (178 mln pounds) and a total consideration of up to $430 mln (255 mln pounds) on a debt-free, cash-free basis.Initial consideration to be paid for ACE represents a multiple of 7.4 times 2013 EBITDA.  Full Article

RPC Group PLC announces proposed acquisition of ACE Corporation Holdings
Thursday, 1 May 2014 02:00am EDT 

RPC Group PLC:Proposes acquisition of ACE Corporation Holdings Limited (ACE) for an initial consideration of $301 mln and total consideration of up to $430 mln on a cash-free, debt-free basis.Maximum earn-out consideration of $129 mln will become due upon ACE achieving EBITDA CAGR of at least 15.6 pct over four year period ending 31 Dec. 2017.Initial consideration to be paid for ACE represents a multiple of 7.4 times 2013 EBITDA.  Full Article

RPC Group plc Acquires Helioplast D.O.O.
Wednesday, 8 Jan 2014 02:00am EST 

RPC Group plc:Says has acquired Helioplast d.o.o. from management.Says RPC has funded the Acquisition from existing debt facilities.  Full Article

RPC Group plc acquires Maynard & Harris Group Limited
Monday, 16 Dec 2013 02:00am EST 

RPC Group plc:Announces the acquisition of Maynard & Harris Group Limited (M&H" or the company) for a total deal value of 103.5 million pounds (the Acquisition) from funds advised by Caird Capital LLP and M&H management.M&H is a supplier of rigid plastic packaging to the personal care, healthcare and selected food segments, across all blow moulding and injection moulding conversion processes.M&H will operate as an independent business within RPC's Bramlage cluster and will enhance the Group's personal care product offering in the UK, mainland Europe and the US.  Full Article

BUZZ-RPC: Snaps up peer in $483 mln deal, revenue beats

** RPC Group Plc's shares up almost 7 pct, after British plastic packaging supplier says it will buy Iceland-based peer Promens Group AS for 386 mln euros ($483 mln), marking its largest European acquisition to date.

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