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Pin to quick picksPz Cussons Share News (PZC)

Share Price Information for Pz Cussons (PZC)

London Stock Exchange
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Share Price: 86.70
Bid: 86.80
Ask: 87.00
Change: -0.20 (-0.23%)
Spread: 0.20 (0.23%)
Open: 86.30
High: 87.10
Low: 85.90
Prev. Close: 86.90
PZC Live PriceLast checked at -

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PZ Cussons agrees new ESG-linked financing arrangement

Mon, 14th Nov 2022 16:47

(Alliance News) - PZ Cussons PLC on Monday said it had agreed a new financing deal connected to its sustainability framework.

The Manchester-based manufacturer of personal care brands such as Imperial Leather agreed a new GBP325 million committed credit facility, provided by a syndicate of lenders.

The credit facility includes a term loan and a revolving credit facility, with maturity dates of up to November 2028. It replaces the existing GBP325 million RCF facility due to expire in November 2023.

The facility includes a pricing structure linked to PZ Cussons' sustainability framework, 'Better For All'. The framework incorporates ESG key performance indicators focused on achieving B Corp certification, reduction in virgin plastic packaging and reducing carbon emissions.

B Corp Certification is a designation that a business is meeting high standards of verified performance, accountability, and transparency on factors from employee benefits and charitable giving to supply chain practices and input materials.

Chief Financial Officer Sarah Pollard said: "We are delighted to announce this refinancing, demonstrating our commitment to embed our sustainability framework into all parts of our business, while achieving attractive commercial terms. We are grateful for the support of our lending syndicate in this highly innovative facility."

Shares in PZ Cussons ended 1.0% higher at 206.00 pence each in London on Monday.

By Chris Dorrell; chrisdorrell@alliancenews.com;

Copyright 2022 Alliance News Limited. All Rights Reserved.

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(Alliance News) - PZ Cussons PLC on Tuesday said annual profit declined despite a jump in revenue, and the consumer goods company added that it expects to meet market expectations for the new year.

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IN BRIEF: PZ Cussons offers GBP23 million to de-list Nigeria business

PZ Cussons PLC - Manchester, England-based hygiene, baby and beauty consumer products - Offers to buy out minority shareholders of Nigerian subsidiary and de-list the company from the Nigerian stock exchange. PZ Cussons Nigeria PLC has a portfolio of family care brands, such as Premier, Joy and Morning Fresh. PZ Cussons has offered NGN21, about 2.2 pence, per share to buy the 26.7% of the Nigerian subsidiary that it doesn't already own. This will be a total cost of GBP22.8 million. PZ Cussons says the funding will come from its cash balances in Nigerian naira. It thinks the acquisition will "significantly simplify and strengthen" its business in Nigeria.

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PZ Cussons looks to delist Nigeria unit with offer to minority shareholders

Sept 5 (Reuters) - Soap maker PZ Cussons said on Tuesday it has offered to buy out minority shareholders of PZ Cussons Nigeria (PZCN) and aims to de-list the business from the Nigerian stock exchange amid "foreign exchange challenges" in the country.

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