KYGA Kerry Group Plc

TIDMKYGA

RNS Number : 3352G

Kerry Group PLC

10 May 2011

news release

10 May, 2011

Dealings in shares by a significant shareholder

Kerry Group plc (the "Company") has today been informed that Kerry Co-Operative Creameries Limited ("KCC") has sold by way of placement 1,500,000 'A' Ordinary Shares of EUR0.125 each (the "Shares") in the Company. The Shares were placed with institutional investors at a price of EUR28.25 per share by Davy and RBS Hoare Govett.

Following this transaction, KCC holds 40,067,612 'A' Ordinary Shares of EUR0.125 each in the Company, representing approximately 22.83% of the Company's issued share capital. As a result, Kerry Group plc's free float has increased to approximately 76.92% from 76.07%.

The KCC 'Regulatory Announcement' to the Irish Stock Exchange states that it has no plans to sell any of its remaining holding in the Company and that the sale proceeds of approximately EUR42m will be utilised primarily to repay borrowings.

- ends -

 
       Contacts: 
 
 
       Media Frank Hayes, Director of          Investor Relations Brian 
       Corporate Affairs Tel: +353 66          Mehigan, Chief Financial 
       7182304 Email:                          Officer Michael Ryan, Head of 
       corpaffairs@kerry.ie Kerry Web          Investor Relations Tel: +353 66 
       Site: www.kerrygroup.com                718 2253 Email: 
                                               investorrelations@kerry.ie 
======================================  ====================================== 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

HOLDKKDQABKDBPD

Kerry (LSE:KYGA)
Historical Stock Chart
From Jun 2024 to Jul 2024

Kerry (LSE:KYGA)
Historical Stock Chart
From Jul 2023 to Jul 2024