The Boards of Carlsberg UK Holdings Limited and Britvic Plc have announced that they have reached agreement on the terms of a recommended cash offer pursuant to which Carlsberg will acquire the entire issued and to be issued ordinary share capital of Britvic. It is intended that the acquisition will be implemented by way of a Scheme of Arrangement, subject to a Sanction Hearing to be held on 15th January 2025.
The terms of the scheme are as follows: –
For each Britvic share held    –   1,315 pence (comprised of 1,290 pence in cash for each Britvic share, plus a special dividend payment of 25 pence per share).
Subject to the Scheme becoming effective the cash will be credited to client accounts on or around 30th January 2025. We will remove the Britvic shares once the cash has been credited. If you require any further information, you may contact us either by letter, telephone or email as detailed below quoting ‘Britvic’ in the subject box.
Corporate Action Administration
Direct Line – 0161-819-4850 | Email: caisa@pilling.co.uk