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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Smith (ds) Plc | LSE:SMDS | London | Ordinary Share | GB0008220112 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-41.00 | -10.26% | 358.60 | 359.00 | 359.60 | 398.20 | 340.00 | 393.20 | 35,480,838 | 16:35:22 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Corrugated & Solid Fiber Box | 8.22B | 503M | 0.3656 | 9.82 | 4.94B |
TIDMSMDS
RNS Number : 4118N
Smith (DS) PLC
17 January 2019
17 January 2019
DS Smith - result of Europac offer
DS Smith is pleased to note that The Board of the Spanish Securities Market Commission (CNMV) has today announced the result of the tender offer launched by DS Smith on 3 December 2018 to the shareholders of Papeles y Cartones de Europa, S.A., known as Europac. Acceptances representing 98.8% of the total share capital of Europac have been received by DS Smith. As a result, the final condition of DS Smith's proposed acquisition of Europac has been satisfied and settlement and completion are expected to take place around 22 January 2019.
Miles Roberts, Group Chief Executive, said:
"I am delighted with the support from Europac shareholders. We look forward to welcoming Europac employees into the DS Smith Group and integrating the businesses to the benefit of all our stakeholders. This acquisition is a fantastic opportunity to enhance our customer coverage and offering in this important region."
DS Smith announced the proposed acquisition of Europac in June 2018. It is a highly complementary, vertically integrated packaging business based in Spain with a diversified customer portfolio and strong customer relationships. In 2017 Europac delivered revenues of EUR868 million and had recurring EBITDA of EUR147 million. In the first nine months of 2018, recurring EBITDA was EUR157 million and net profit was at EUR79 million, compared to EUR104 million and EUR58 million posted in the same period of 2017.
Enquiries
DS Smith Plc +44 (0)20 7756 1800
Investors
Hugo Fisher, Group Communications Director
Rachel Stevens, Investor Relations Director
Media
Greg Dawson, Group Corporate Affairs Director
Brunswick +44 (0)20 7404 5959
Simon Sporborg
Dan Roberts
Christina Clark
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
RTELLFEFLVIDLIA
(END) Dow Jones Newswires
January 17, 2019 07:56 ET (12:56 GMT)
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