Applegreen PLC Completion of Acquisitions (8623S)
October 05 2017 - 9:51AM
UK Regulatory
TIDMAPGN
RNS Number : 8623S
Applegreen PLC
05 October 2017
Applegreen plc
("Applegreen" or the "Company")
Completion of Acquisitions and Placing and Total Voting
Rights
Dublin, London, 5 October 2017: Further to earlier
announcements, Applegreen is pleased to confirm that it has
completed the acquisitions of both the Brandi Group, a 42-site
retail operation based in Columbia, South Carolina, and the Carsley
Group, a seven-site forecourt retail operation based in the UK.
In addition, the Company confirms that the placing of 8,082,105
new ordinary shares of EUR0.01 each in the share capital of the
Company ("Ordinary Shares") raising gross proceeds of approximately
EUR46.9 million (GBP41.1 million) for the Company has
completed.
Total Voting Rights
The Company confirms that its issued share capital and total
voting rights comprises 89,903,158 Ordinary Shares. No shares were
held in treasury at the date of this announcement. The total number
of current voting rights in the Company is therefore
89,903,158.
The above figure (89,903,158 Ordinary Shares) is the figure
which may be used by shareholders as the denominator for the
calculation by which they will determine if they are required to
notify their interest in, or a change to their interest in, the
Company.
For further enquiries, please contact:
Applegreen
Bob Etchingham, CEO / Niall Dolan, CFO +353 (0) 1 512 4800
Drury Porter Novelli (Irish media):
Paddy Hughes +353 (0) 1 260 5000
Goodbody
Joe Gill +353 (0) 1 667 0420
Siobhan Wall
Shore Capital
Stephane Auton +44 (0) 20 7408 4090
Patrick Castle
About the Company
Established in 1992, Applegreen is a major petrol forecourt
retailer with operations in the Republic of Ireland, the United
Kingdom and the USA. The Company is pursuing a growth strategy
focused on acquiring and developing new sites in each of the three
markets in which it operates. As at 30 June 2017, the business
operated 275 forecourt sites and employed c 4,000 people.
The Company offers a distinctive convenience retail offering in
the forecourt space with three key elements:
-- A "low fuel prices, always" price promise to drive footfall to the stores;
-- A "Better Value Always" tailored retail offer; and
-- A strong food and beverage focus aiming to offer premium
products and service to the customer.
Applegreen has a number of strategic partnerships with
international brands including Burger King, Subway, Costa Coffee,
Greggs, Lavazza, Chopstix, Freshii and 7-Eleven. The business also
has its own food offer through the Bakewell café brand.
Applegreen is the number one Motorway Service Area operator in
the Republic of Ireland.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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October 05, 2017 10:51 ET (14:51 GMT)
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