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RPC Group PLC (RPC.L)

RPC.L on London Stock Exchange

797.20GBp
21 Feb 2019
Change (% chg)

1.20 (+0.15%)
Prev Close
796.00
Open
793.60
Day's High
797.20
Day's Low
793.60
Volume
1,869,392
Avg. Vol
2,543,999
52-wk High
862.58
52-wk Low
625.20

Latest Key Developments (Source: Significant Developments)

UK's Takeover Panel Sets Deadline For Berry Global To Announce Firm Intention To Make Offer For RPC
Tuesday, 19 Feb 2019 02:48am EST 

Feb 19 (Reuters) - UK's Takeover Panel::BERRY GLOBAL MUST, BY 13 MARCH, ANNOUNCE FIRM INTENTION TO MAKE OFFER FOR RPC OR SAY IT DOES NOT INTEND TO MAKE OFFER FOR RPC.  Full Article

Apollo Global To Buy RPC Group For 3.3 Bln Stg
Wednesday, 23 Jan 2019 02:00am EST 

Jan 23 (Reuters) - RPC Group PLC ::RECOMMENDED FINAL CASH OFFER FOR RPC GROUP PLC.DEAL FOR 782 PENCE PER SHARE IN CASH.IN ADDITION, RPC SHAREHOLDERS WILL BE ENTITLED TO RECEIVE PREVIOUSLY DECLARED INTERIM DIVIDEND OF 8.1 PENCE PER RPC SHARE.DIRECTORS CONSIDER TERMS OF ACQUISITION TO BE "FAIR AND REASONABLE".BIDDER'S OFFER IS FINAL AND CONSIDERATION WILL NOT BE INCREASED.ROME UK BIDCO, CO REACHED AGREEMENT ON TERMS OF RECOMMENDED OFFER PURSUANT TO WHICH BIDDER WILL ACQUIRE RPC.BIDDER IS A NEWLY INCORPORATED COMPANY FORMED ON BEHALF OF FUNDS MANAGED BY APOLLO.DIRECTORS INTEND TO RECOMMEND UNANIMOUSLY THAT SHAREHOLDERS VOTE IN FAVOUR OF SCHEME AT COURT MEETING AND RPC RESOLUTIONS AT RPC GENERAL MEETING.EMINENCE CAPITAL TO VOTE FOR SCHEME AT COURT MEETING, RESOLUTIONS TO BE PROPOSED AT RPC GENERAL MEETING IN RESPECT OF TOTAL 3 MILLION RPC SHARES.CONSIDERATION, TOGETHER WITH THE INTERIM DIVIDEND, REPRESENTS A VALUE OF 3.3 BILLION STG FOR RPC'S ISSUED AND TO BE ISSUED SHARE CAPITAL.  Full Article

Apollo Nears Deal To Acquire UK Packaging Company Rpc Group For More Than $3.8 Bln - WSJ
Monday, 21 Jan 2019 12:00pm EST 

Jan 21 (Reuters) - :APOLLO NEARS DEAL TO ACQUIRE U.K. PACKAGING COMPANY RPC GROUP FOR MORE THAN $3.8 BILLION - WSJ.  Full Article

RPC Announces Deadline Extension For Apollo Global, Bain Capital To Make Offers For Co
Monday, 5 Nov 2018 02:00am EST 

Nov 5 (Reuters) - RPC Group::RPC GROUP PLC - DISCUSSIONS REMAIN ONGOING WITH EACH OF APOLLO GLOBAL MANAGEMENT AND BAIN CAPITAL.RPC GROUP PLC - BOARD OF RPC REQUESTED THAT PANEL ON TAKEOVERS AND MERGERS EXTEND DEADLINE 5.00 P.M. ON 3 DECEMBER 2018.RPC GROUP PLC - DEADLINE WILL ONLY BE EXTENDED WITH CONSENT OF PANEL.  Full Article

RPC Confirms Preliminary Talks With Apollo Global Management, Bain Capital
Monday, 10 Sep 2018 02:00am EDT 

Sept 10 (Reuters) - RPC Group PLC ::STATEMENT RE. MEDIA SPECULATION.CONFIRMS THAT PRELIMINARY DISCUSSIONS ARE TAKING PLACE WITH EACH OF APOLLO GLOBAL MANAGEMENT AND BAIN CAPITAL.EACH OF APOLLO GLOBAL MANAGEMEN, BAIN CAPITAL IS REQUIRED, BY NOT LATER THAN OCT 8 TO ANNOUNCE FIRM INTENTION TO MAKE OFFER FOR COMPANY.  Full Article

RPC Group Says Q1 Revenue From Cont Ops Of 964.7 Mln Pounds
Wednesday, 18 Jul 2018 02:00am EDT 

July 18 (Reuters) - RPC Group PLC ::Q1 REVENUE FROM CONTINUING OPERATIONS 964.7 MILLION STG.REVENUE FROM CONTINUING OPERATIONS FOR QUARTER ENDED 30 JUNE 2018 WAS £964.7M, REPRESENTING 5.8% GROWTH VERSUS Q1 LAST YEAR.QTRLY PROFITABILITY (BEFORE AND AFTER ADJUSTING ITEMS) FROM CONTINUING OPERATIONS WAS IN LINE WITH MANAGEMENT EXPECTATIONS AND GREW VERSUS LAST YEAR.QTRLY CASH FLOW DEVELOPMENT (BEFORE AND AFTER ADJUSTING ITEMS) WAS ALSO IN LINE WITH EXPECTATIONS.GOOD PROGRESS MADE IN DISPOSING OF BUSINESSES IDENTIFIED AS NON-CORE WHICH ARE ANTICIPATED TO BE ACCOUNTED FOR AS DISCONTINUED BUSINESSES.EUROPEAN AUTOMOTIVE BUSINESS CONTINUES TO ENDURE COST INEFFICIENCIES ASSOCIATED WITH LAST YEAR'S LAUNCH.PRESSURE ON CO'S MARKET VALUATION, DIFFERING INVESTOR VIEWS CONSTRAINING ABILITY TO PURSUE SOME "ATTRACTIVE OPPORTUNITIES".IN SHORT-TERM, GROUP WILL PRIORITISE CASH GENERATION AND ANNOUNCED DISPOSAL OF OUR NON-CORE BUSINESSES.  Full Article

RPC Group says H1 adjusted EPS up 27 pct
Wednesday, 29 Nov 2017 02:00am EST 

Nov 29 (Reuters) - RPC GROUP PLC ::H1 SALES 1.876 BILLION STG.INTERIM DIVIDEND UP 28 PERCENT TO 7.8 PENCEPER SHARE.H1‍ ADJUSTED OPERATING PROFIT INCREASE OF 58% TO £214.7M WITH ADJUSTED EPS UP 27% TO 36.4P​.H1 ADJUSTED EPS ROSE 27 PERCENT TO 36.4 PENCE.‍WILL PARTICIPATE IN ONGOING CONSOLIDATION OF PLASTIC PACKAGING MARKETS​.‍NO SIGNIFICANT ACQUISITIONS ANTICIPATED IN REMAINDER OF FINANCIAL YEAR. SECOND HALF OF YEAR HAS STARTED WELL​.  Full Article

RPC sees H1 revenue well ahead of a year​ ago
Thursday, 28 Sep 2017 02:00am EDT 

Sept 28 (Reuters) - RPC Group Plc ::‍REALISATION OF ACQUISITION RELATED COST SYNERGIES AND COSTS OF ACHIEVING SYNERGIES HAVE CONTINUED IN LINE WITH EXPECTATIONS​.REVENUES IN FIRST HALF OF YEAR ARE PROJECTED TO BE WELL AHEAD OF CORRESPONDING PERIOD LAST YEAR​.‍GROUP MARGINS AND PROFITABILITY LEVELS ARE ANTICIPATED TO BE AHEAD OF MANAGEMENT EXPECTATIONS RELATING TO PERIOD 1 APRIL 2017 TO 30 SEPTEMBER 2017​.‍IN FIRST HALF GOOD GROWTH ACHIEVED IN CHINA BENEFITING FROM INVESTMENTS MADE IN PREVIOUS YEAR​.  Full Article

RPC Group revenue for quarter ending June 30 were about 960 mln STG
Tuesday, 18 Jul 2017 10:06pm EDT 

July 19 (Reuters) - RPC Group Plc :Revenues for quarter ending 30 june 2017 were approximately 960 mln STG which is well ahead of corresponding period last year.Q1 revenue up due to continued organic growth, contribution from acquisitions and positive foreign exchange movements.Qtrly Group margins and profitability levels were ahead of management expectations.Intends to commence an inaugural share buyback programme of up to 100 million STG.Programme will be conducted over a period of up to 12 months and will be kept continually under review.Board of RPC believes current share price significantly undervalues performance to date and Group's future prospects.Remuneration committee will carry out review of performance measures and targets used under annual bonus and long-term incentive plan.Cash flow development remains on track.Does not anticipate making any further significant acquisitions, or incurring further acquisition-related exceptional costs, for current FY.  Full Article

RPC FY adjusted operating profit 308.2 mln stg vs 174.3 mln stg
Wednesday, 7 Jun 2017 02:00am EDT 

June 7 (Reuters) - RPC Group Plc :FY sales from continuing operations 2.747 billion stg versus 1.642 billion stg year ago.Final dividend 17.9 pence per share.Total dividend 24 pence per share.FY adjusted operating profit 308.2 million pounds versus 174.3 million pounds year ago.FY return on sales ‍11.2​ percent versus 10.6 percent year ago.FY revenue ‍2,747​ million pounds versus 1,642 million pounds year ago.‍Implementation of vision 2020 growth strategy is progressing well​.FY free cash flow ‍239​ million pounds versus 122.6 million pounds year ago.‍New financial year has started in line with management's expectations​.FY adjusted earnings per share ‍62.2​ pence.FY statutory profit before tax ‍154.7​ million pounds versus 75.6 million pounds year ago.FY adjusted profit before tax ‍286.1​ million pounds versus 160.6 million pounds year ago.FY dividend per share ‍24​ pence versus 16 pence year ago.  Full Article

UPDATE 1-Takeover target RPC posts flat profit, to stockpile ahead of Brexit

Feb 1 Europe's biggest plastic packaging company RPC Group Plc reported a flat quarterly operating profit on Friday and said it was stockpiling at manufacturing sites to prevent any disruption from Brexit.