london stock exchange welcomes c&c group plc celebrating its inclusion into the FTSE All Share and FTSE 250 indices
London Stock Exchange today welcomes C&C Group plc a leading, vertically integrated premium drinks company which manufactures, markets and distributes branded beer, cider, wine, spirits, and soft drinks across the UK and Ireland, into the FTSE All-Share Index and the FTSE 250.
• C&C Group’s portfolio of owned/exclusive brands include: Bulmers, the leading Irish cider brand; Tennent’s, the leading Scottish beer brand; Magners the premium international cider brand; as well as a range of fast-growing, super-premium and craft ciders and beers, such as Heverlee, Menabrea and Orchard Pig. C&C exports its Magners and Tennent’s brands to over 60 countries worldwide.
• C&C Group has owned brand and contract manufacturing/packing operations in Co. Tipperary, Ireland; Glasgow, Scotland; and Vermont, US, where it manufactures Woodchuck, a leading craft cider brand in the United States.
• C&C is the No.1 drinks distributor to the UK and Ireland hospitality sectors. Operating under the Matthew Clark, Bibendum, Tennent's and C&C Gleeson brands, the Group supplies over 35,000 pubs, bars, restaurants and hotels, and is a key route-to-market for major international beverage companies.
• C&C Group also has an investment in the Admiral Taverns tenanted pub group, which owns over 800 pubs across England & Wales.
Following the acquisition of Matthew Clark and Bibendum in 2018, a majority of the Group’s revenues, earnings and activities are now derived in and from the United Kingdom. Consequently, in July 2019 C&C made the decision to seek inclusion in the FTSE UK Index Series. In order to facilitate entry, C&C cancelled the listing of the Group’s shares on Euronext Dublin which made its existing Premium Listing of C&C’s shares on the London Stock Exchange its primary and sole listing facilitating its entry today into the FTSE UK Index and FTSE 250.
Stephen Glancey, Chief Executive Officer of C&C, said:
“London is a major financial centre and making it our primary listing gives us access to a much deeper pool of investors and has enabled our entry into the FTSE 250 which in turn allows FTSE index funds to buy C&C. The switch follows on naturally from the acquisition of the UK businesses Matthew Clark and Bibendum and reflects the evolution of our shareholder base which is primarily made up of UK and North American based investors.
We look forward to making use of our increased London focus and increasing awareness of C&C amongst the UK and International investor community.”